Bitcoin Options Worth $9B Expire Friday, Traders May be Thankful for the Post-Thanksgiving Volatility

November’s expiry is due Friday at 08:00 UTC, with $9.4 billion in options expiry for bitcoin. Bitcoin’s max pain price is $78,000, significantly lower than the current spot price. The majority of the put open interest represent hedging activity and not outright downside bets: European Head of Research at Bitwise – Dragosch.

Source: CoinDesk