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Crypto PM
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Scam alert: $300K stolen by fake Blur airdrop websites 😒😒😒
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$23.6 billion $BTC options to expire this Friday - Calls are clustered at $100K and $120K - Puts are concentrated around $85K - Max Pain is $96K One of the biggest #bitcoin options expiry events of all time.
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Wouldn’t be surprised to see $BTC pump to $96k within 5 days. Dec 26 is the largest BTC options expiry: $93.8B on Deribit alone. And most open interest are around ~$96k. At that level, the most options expire worthless. Option sellers, mainly market makers and large desks, benefit there. As expiry approaches, their hedging and positioning can pull price toward that level.
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