Bitcoin options worth $6.44 billion expire.
Today at 08:00 UTC, 81,700 BTC option contracts on Deribit expire. Bitcoin is around $80,000; $75,000 and $80,000 are the main option strike concentrations, and “max pain” is approximately $68,000 — but this is not a price forecast.
Trader impact: sharp spikes and fake breakouts are possible around the settlement time. Sustained acceptance above $80,000 may reinforce an upward trend, while a rapid loss of the level could activate liquidity delivery toward the $75,000 mark.