🔥 HOT: $6.4B IN BITCOIN OPTIONS EXPIRE IS BTC FACING AN $80K “SUPPLY WALL”?
Bitcoin just went through one of the largest options expiries of the year: 81,700 contracts worth $6.4 billion expired on Deribit at 08:00 UTC Friday.
📈 The striking part: BTC surged more than 20% in one week, from around $62,000 to nearly $80,000 while Max Pain sat at $68,000–$70,000.
The nearly $12,000 gap shows how badly the options market was caught off guard by the breakout. Calls at $75K and $80K that were previously positioned far out-of-the-money moved into or near the money.
⚠️ But the bigger story may be open interest after expiry.
BTC is now being repriced from the $80K area, while the 50-week moving average sits at $81,081 and nearly 8% of supply is concentrated around $80K–$82K.
Meanwhile, BVIV jumped from 36% to 47% in just one week signaling that the market is pricing in a much wider range of potential outcomes.
🎯 September could add another layer of risk: historically, Bitcoin has posted an average -3% return in September since 2013.
Is $80K the launchpad for the next move higher or a supply wall? 👀
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