$23.6 BILLION Bitcoin options to expire next Friday
- Calls are clustered at $100,000 and $120,000
- Puts are concentrated around $85,000
- Max Pain is $96,000
One of the biggest Bitcoin options expiry events of all time
Source: https://x.com/BitcoinArchive/status/2002813812420862191
If there's one thing I've learned about Max Pain, it's that there can be an even more max pain.
If they talk about max pain with BTC, it's over. Institutions now control the asset
Ego death.
what's that supposed to mean?
It basically means that a huge amount of BTC bets are settling at once and price tends to move towards that price, in this case $96k max pain that is where most options lose value.
In other words, volatility expected
Where does one find this chart on the regular?
Why come when they say “expect volatility” it always means to the downside?
People. People are scared. They are all cool looking at their 5 monitors, but secretly, thy are like “holllyyyy sheeet” when they click that button. And if they aren’t, then thy are enjoying ignorance as bliss. No one knows what’s going to happen, that’s the exciting part.
Prices generally move down much faster than they move up across all assets. Regardless, there’s a good chance we see big moves in both directions until then.
OP just said expected volatility towards $96k
And correct me if I'm wrong, this means price action right after. Basically, could shoot up or really sink depending on where the options shake out.
More degen gambler bears to rob than degen gambler bulls.
There's about half a billion more dollars to be made liquidating people with shorts right now vs liquidating longs.
https://www.coinglass.com/LongShortRatio
Like Carlin said, its a big club and we ain't in it.
Reading 8 years of these shit posts so far and they never really mean anything.
Which means?
Price tends to go torture both sides i.e max pain
A lot of volatility to take out both sides.
It basically means there’s a huge amount of BTC options expiring at specific price levels, so price often gets “pulled” toward the max pain area (~$96K) as market makers hedge positions — expect higher volatility, fake breakouts, and sharp moves around expiry rather than a clean trend. Side note: in times like this, having flexible rails matters — I personally like Blackcat since it gives you a free EU IBAN, low SEPA fees, instant card payments, and built-in crypto (BTC/ETH/USDT/USDC) in one regulated app, which makes moving between fiat and crypto during volatile weeks way easier.
And the price moved zero
Get outta here with your options!
I have no where to go
So going towards 96K first then 36K in Jan.
That’s basically the max-pain theory in a nutshell — price often gravitates toward ~$96K into expiry, but what happens after (36K or not) depends way more on macro liquidity and spot flows than options alone. That kind of volatility is exactly why I keep funds split: long-term holdings untouched, and liquid capital parked somewhere flexible — personally I like using Blackcat for that, since it gives you a free EU IBAN, instant SEPA, and built-in crypto rails so you can move between fiat and BTC fast without locking yourself into a single bet.
If we hit 96 my IBIT options will print, so we probably won't go far above 90 😂
boxing day? Markets open then? or is it different for options?
$36k first then $200k
First discounts, then the moon.
$36k lets go! How many days to pump from 36 to 200?
4 years
BTC was 36k in 2023. How do we know we aren't in the 36-200 four year run right now?
I'll take that.
It ain't happening
!RemindMe 1 week
Goin to flash up to 96k then shoot right back down to 88k
Max fuckery
Yeah, that kind of “max pain whipsaw” wouldn’t surprise anyone around big expiries — quick spike to the magnet level, then a sharp reversal once liquidity is drained, classic options-driven volatility. That’s exactly why having flexible rails matters: being able to move funds fast, hedge, or sit in cash without friction is underrated. I’ve been using Blackcat for that lately — EU-regulated, free European IBAN, instant SEPA, crypto on/off-ramps (BTC/ETH/USDT/USDC), and a free Mastercard that actually works for everyday spending. When markets play games, liquidity and speed matter more than predictions.
Then it looks like it is going to be a volatile week.
i'm ready for maximum pain
96k it is
It always “one of the biggest options expiry of all time”
Eli5
Can you do for Litecoin also please.
This is not the stock market. This is cryptocurrency. Options does not control the fate of market in cryptocurrency no matter how many trillion trillion trillion dollars of options are about to expire.
First time?
Clearly
You spoke like a proper noob.