🚹 $15.9B IN BITCOIN OPTIONS SET TO EXPIRE FRIDAY.

‱ Around 184,000 $BTC options are scheduled to expire on Deribit at 8:00 AM UTC, carrying roughly $15.90B in notional value. The current put/call ratio stands at 0.69.

‱ Calls account for approximately $9.56B in open interest versus $6.35B for puts, while the estimated max-pain price is $75,000.

‱ Max pain does not predict Bitcoin’s expiry price, and the large open interest does not establish a directional outcome. Deribit calculates the final settlement using a 30-minute TWAP from 7:30 to 8:00 AM UTC.

‱ With nearly $16B in contracts expiring, $BTC could see increased volatility around Friday’s settlement window as traders roll, close or adjust positions.
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