Nearly $10 billion worth of $BTC options are set to expire tomorrow.
The expiry takes place at 08:00 UTC , making it one of the most closely watched events of the week.
What's catching traders' attention is the max pain level around $72,000, a price that sits miles away from where Bitcoin is currently trading.
That means a large portion of option positions could expire worthless, while volatility may spike as market makers and traders adjust their exposure heading into settlement.
Will $BTC stay strong and ignore the options market?
Or are we about to see another wild move before expiry?
Tomorrow could get interesting.
The expiry takes place at 08:00 UTC , making it one of the most closely watched events of the week.
What's catching traders' attention is the max pain level around $72,000, a price that sits miles away from where Bitcoin is currently trading.
That means a large portion of option positions could expire worthless, while volatility may spike as market makers and traders adjust their exposure heading into settlement.
Will $BTC stay strong and ignore the options market?
Or are we about to see another wild move before expiry?
Tomorrow could get interesting.