$BTC options expiry hits Friday with $6.4B at stake. 81,700 contracts expire on Deribit at 08:00 UTC, with max pain sitting around $68K. BTC is currently about $11K above that level. The put/call ratio stands at 0.83, while call skew has turned positive, suggesting a bullish tilt. Still, more than $500M in notional sits within 5% of spot, meaning gamma hedging could amplify volatility in either direction. → Does expiry pull BTC toward $68K, or can momentum keep it above $80K? → Are options traders positioned correctly after a 23% weekly surge? → What’s the best altcoin playbook if $BTC makes a sharp move after expiry? #BTC Price Analysis# #Macro Insights#