33,192 BTC expire on Deribit at 08:00 UTC today, with max pain at 76,000 dollars. The options market is watching a level far above price. 📊
CoinLab reports 33,192 BTC expire on Deribit at 08:00 UTC on 13 November, with max pain at 76,000 dollars, and a difficulty retarget of about minus 7.7 percent coming with it. 📰 Polymarket puts the median Bitcoin price for noon ET on 13 November at 72,705 dollars, and the daily candle closes at 00:00 UTC, so the expiry and the close land in the same morning window. My reading is that max pain at 76,000 dollars tells you where dealers are comfortable, not where price is going, because Bitcoin is 4,600 dollars below it and the market has been selling into every bounce, so the expiry is more likely to add volatility than to pull price up.
Does the expiry pin price near 72,000, or does it add one more volatile swing? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Derivatives
CoinLab reports 33,192 BTC expire on Deribit at 08:00 UTC on 13 November, with max pain at 76,000 dollars, and a difficulty retarget of about minus 7.7 percent coming with it. 📰 Polymarket puts the median Bitcoin price for noon ET on 13 November at 72,705 dollars, and the daily candle closes at 00:00 UTC, so the expiry and the close land in the same morning window. My reading is that max pain at 76,000 dollars tells you where dealers are comfortable, not where price is going, because Bitcoin is 4,600 dollars below it and the market has been selling into every bounce, so the expiry is more likely to add volatility than to pull price up.
Does the expiry pin price near 72,000, or does it add one more volatile swing? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Derivatives
