Today the ~$18 BILLION $BTC + $ETH options expiry is coming. 🚨 And what’s interesting: Bitcoin ~84K BTC max pain → 75K. So will a $18 billion expiry pull Bitcoin to $75K? (No) This $18 billion isn’t money that will be sold in the market as Bitcoin; it’s the nominal value of the open options. Moreover, BTC call positions are especially concentrated in the 85K–100K range. Today, BTC was also pulled down to 84K due to a sharp rise in U.S. Treasury yields. My daily directional outlook: neutral-positive. This is not investment advice.