On Friday at 3:00 PM (Vietnam time), equivalent to 12:00 AM (California), Bitcoin options contracts on Deribit totaling 267,000 BTC (~$23.48 billion) will expire.

The BTC Max Pain level is at $96,000. For Ethereum, the Max Pain price is $3,100, with a total options notional value of approximately $3.8 billion.

With such a large options expiry approaching, short-term price action is likely to be choppy and unpredictable.

In this context, BTC and ETH are likely to gravitate around their respective Max Pain levels before expiration.

A prudent strategy is to wait for clearer price reactions after options settlement, rather than entering positions prematurely during this period of artificial volatility. #Fualnguyen

BTCUSDT

Prep

87,671.5

-1.10%

ETHUSDT

Prep

2,972.37

-1.80%