$11.69B — I tore apart the Oct 30 BTC options book, and one date holds 35% of Deribit's entire open interest.
140,844 contracts settle 08:00 UTC. The biggest single strike: the $95K call, ~24,000 BTC of open interest (~$2B notional). Roughly two calls for every put.
Max pain sits at $78–79K — about $4K under spot. Traders are paying up for $95K while sellers break even at $78K.
$80K is the pin — the biggest hedge cluster across both the Oct 16 and Oct 30 books. Hold it and dealer hedging toward the $95K mountain works as a tailwind. Lose it and the unwind cuts the other way.
$BTC doesn't need a new narrative this week. It needs $80K to hold.
#Bitcoin #Options #Crypto
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$11,69B — gue bongkar book opsi BTC 30 Okt, dan satu tanggal nampung 35% dari seluruh open interest Deribit.
140.844 kontrak settle 08:00 UTC. Strike tunggal terbesar: call $95K, ~24.000 BTC open interest (~$2B notional). Kira-kira dua call untuk tiap put.
Max pain duduk di $78–79K — sekitar $4K di bawah spot. Trader bayar mahal buat $95K sementara seller breakeven di $78K.
$80K adalah pin — cluster hedge terbesar di book 16 Okt maupun 30 Okt. Bertahan, dan dealer hedging ke gunung $95K jadi tailwind. Jebol, dan unwind memotong ke arah sebaliknya.
BTC nggak butuh narasi baru minggu ini. Butuh $80K bertahan.
140,844 contracts settle 08:00 UTC. The biggest single strike: the $95K call, ~24,000 BTC of open interest (~$2B notional). Roughly two calls for every put.
Max pain sits at $78–79K — about $4K under spot. Traders are paying up for $95K while sellers break even at $78K.
$80K is the pin — the biggest hedge cluster across both the Oct 16 and Oct 30 books. Hold it and dealer hedging toward the $95K mountain works as a tailwind. Lose it and the unwind cuts the other way.
$BTC doesn't need a new narrative this week. It needs $80K to hold.
#Bitcoin #Options #Crypto
---
$11,69B — gue bongkar book opsi BTC 30 Okt, dan satu tanggal nampung 35% dari seluruh open interest Deribit.
140.844 kontrak settle 08:00 UTC. Strike tunggal terbesar: call $95K, ~24.000 BTC open interest (~$2B notional). Kira-kira dua call untuk tiap put.
Max pain duduk di $78–79K — sekitar $4K di bawah spot. Trader bayar mahal buat $95K sementara seller breakeven di $78K.
$80K adalah pin — cluster hedge terbesar di book 16 Okt maupun 30 Okt. Bertahan, dan dealer hedging ke gunung $95K jadi tailwind. Jebol, dan unwind memotong ke arah sebaliknya.
BTC nggak butuh narasi baru minggu ini. Butuh $80K bertahan.