$18 billion in crypto options expire September 25 with Bitcoin's max-pain sitting $10k below current price.
Traders keep getting wrecked around these dates. They either FOMO in too early or hold through the settlement and watch leveraged positions get liquidated by unexpected volatility.
The $18B covers both $BTC and $ETH . Settlement hits at 08:00 UTC that day. $BTC trades near $85,500 right now against a reported max-pain of $75,000. That gap is large enough that dealers have incentive to pin price lower as they hedge. Past expiries of this size have produced sharp dumps that ignore the broader trend and catch longs offside overnight. The risk of a sudden move toward that lower level is real if you are running size into the event.
Where do you think $BTC goes into this settlement?
#Bitcoin #OptionsExpiry #MaxPain
Traders keep getting wrecked around these dates. They either FOMO in too early or hold through the settlement and watch leveraged positions get liquidated by unexpected volatility.
The $18B covers both $BTC and $ETH . Settlement hits at 08:00 UTC that day. $BTC trades near $85,500 right now against a reported max-pain of $75,000. That gap is large enough that dealers have incentive to pin price lower as they hedge. Past expiries of this size have produced sharp dumps that ignore the broader trend and catch longs offside overnight. The risk of a sudden move toward that lower level is real if you are running size into the event.
Where do you think $BTC goes into this settlement?
#Bitcoin #OptionsExpiry #MaxPain
