Q: Greeks.live: 18,000 BTC options expire today, with a max pain level of $83,000 and a notional value of $1.47 billion. What’s your take?
A: It’s not yet clear whether this is bullish or bearish, so let’s wait and see what the price tells us. It’s much less stressful to reassess when the price gets back near key levels than to chase the news as soon as it breaks.
$BTC , +1.06% intraday.