Bitcoin Price Faces Another Test as $10.9B Deribit Options Expire Today

Some 135,000 BTC in options contracts, worth $10.9 billion, are set to expire on Deribit at 8 AM UTC today, October 30. With this expiry being quite large and coming right at the end of the month, it’s not beyond reason to think it could affect volatility in the spot market. Max Pain Sits Below Bitcoin’s Current Price Data shared by the unfolded account on X showed the put/call ratio at 0.53, meaning calls outnumber puts by nearly two to one. Meanwhile, max pain, the price at which the most option buyers would lose money and sellers come out ahead, is at $78,000, which is around the same level as the current spot price.

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