Bitcoin Faces $13.3B Monthly Options Expiry as BTC Trades Well Below Max Pain

Bitcoin (BTC) heads into Friday’s monthly options expiry after a sharp correction that sent BTC down 35% to $81,000 before recovering to $87,000. The correction has made the options market a focal point again, especially with positioning turning more defensive. According to Deribit data, a total of 153,778 BTC is set to expire, broken down by 92,692 BTC in call open interest and 61,086 BTC in put open interest. Which represents a combined notional value of roughly $13.3 billion and a put call ratio of 0.6 ...