Tomorrow, $1.84 billion in $BTC options expire. Max pain is 84,000, and BTC is trading at 82,844—just a hair away from the price market makers would find most comfortable. The put-call ratio is 1.12, so puts are in the lead. GEX is stacked between 90,000 and 100,000. Want to go higher? Get in line. IV is still languishing near its lows, and nobody dares bet on a direction. Either nothing happens, or price gets pulled toward 84,000. Which way are you betting?