Aug 4 BTC options (4AUG26) are rolling off — about 2 hours remaining.
Max Pain sits near 63k: the level where most longs hurt more than shorts — spot often drifts toward it in the final hours.
Spot 63.7k is above Max Pain 63k — a drift lower can still punish longs.
OI roughly 2420 contracts, OI is thin; more of a sentiment reference.
Vol can expand into the roll — size down directional bets; spot may tug around Max Pain.
OI and Max Pain move; don't treat either as gospel.
#BTC #OptionsExpiry
Max Pain sits near 63k: the level where most longs hurt more than shorts — spot often drifts toward it in the final hours.
Spot 63.7k is above Max Pain 63k — a drift lower can still punish longs.
OI roughly 2420 contracts, OI is thin; more of a sentiment reference.
Vol can expand into the roll — size down directional bets; spot may tug around Max Pain.
OI and Max Pain move; don't treat either as gospel.
#BTC #OptionsExpiry