BITCOIN OPTIONS EXPIRY, $6.4B IN PLAY 🚨
81,666 BTC options expiring Aug 28, $6.4B notional.
Key Levels:
Max pain: $68,000 (far below spot)
Ceiling: $80,000 (call-heavy structure already hedged)
Next resistance: $82,000 (Sept 4 expiry)
Scenarios:
🔹 Base: $78,000–$81,800 (55%)
🔹 Break above $81,300 → $81,800–$84,500 (25%)
🔹 Break below $78,000 → $75,000–$77,000 (20%)
**Why $80K is a ceiling:**
Market makers already hedged the calls during the run from $64K to $78K. That buying pressure is now exhausted.
The gamma structure is negative — dealers amplify moves.
This expiry could be a wild ride. 🧠📊
#Bitcoin #BTC #Options #Crypto #LUNC 🚀🔥
81,666 BTC options expiring Aug 28, $6.4B notional.
Key Levels:
Max pain: $68,000 (far below spot)
Ceiling: $80,000 (call-heavy structure already hedged)
Next resistance: $82,000 (Sept 4 expiry)
Scenarios:
🔹 Base: $78,000–$81,800 (55%)
🔹 Break above $81,300 → $81,800–$84,500 (25%)
🔹 Break below $78,000 → $75,000–$77,000 (20%)
**Why $80K is a ceiling:**
Market makers already hedged the calls during the run from $64K to $78K. That buying pressure is now exhausted.
The gamma structure is negative — dealers amplify moves.
This expiry could be a wild ride. 🧠📊
#Bitcoin #BTC #Options #Crypto #LUNC 🚀🔥