Bitcoin Holds Above $107K Ahead of Friday’s Big Options Expiry With $102K Max Pain Price
Bitcoin BTC traded in a tight range just during U.S. hours Thursday ahead of a big options quarter expiry on Friday.
The top cryptocurrency is currently trading for $107,500, down 0.2% in the past 24 hours, while the CoinDesk 20 — an index of the top 20 coins by market capitalization, except for stablecoins, exchange coins and stablecoins — lost 0.9% in the same period of time.
"This Friday marks one of the largest option expiries of the year on Deribit,” Jean-David Péquignot, chief commercial officer at Deribit, told CoinDesk. BTC options open interest stands at $40 billion, Péquignot said, and 38% of these contracts will expire on Friday.
“Max pain price for Friday is at $102,000, with a put/call ratio of 0.73," said Péquignot.
Bitcoin’s implied volatility, measured by Deribit DVOL, dropped to 38% from 50% in what was a wild April, signaling perhaps that the market is increasingly confident in the cryptocurrency’s macro-hedge role, according to Péquignot. Meanwhile, put-call skews show no clear directional positioning for traders in the short-term.
“Bitcoin’s $105,000 level is pivotal, with technicals suggesting caution if support fails,” Péquignot said. “Low open interest in perps and fairly depressed Bitcoin implied volatility and skew are indicative of limited expectations for sharp price movements going into Friday’s expiry.”
A number of crypto stocks are managing gains on Thursday, with Core Scientific (CORZ) surging more than 33% off of a Wall Street Journal report that the bitcoin miner may soon be acquired by AI Hyperscaler CoreWeave (CRWV).
Circle (CRCL), Coinbase (COIN), Riot Platforms (RIOT) and Hut 8 (HUT) were higher by 5%-7%, while Strategy (MSTR) was lower by nearly 1%.
The strong holding of Bitcoin above $107K ahead of the Friday's major options expiration, despite a looming max pain price at around$S523 billion market liquidation risk), signals resilience and geopolitical fears-induced investors seeking safe haven assets."
Friday's looming options expiry with a maximum pain price of $102K adds to the intrigue as Bitcoin remains firm above $97,548 since yesterday’S high. Themikte四个字的猜测可能是“tighten ups, 以表达比特币价格在这种情况下趋于更坚定地保持在某一价位附近的描述。
The fluctuating cryptocurrency market underlines the psychological significance of key levels such as $102K max pain, where investors tend to balance strategies or adjust position sizes ahead of options expiry events for increased volatility.
The market's resilience observed as Bitcoin stabilizes above $107K in anticipation of Friday’ prove, with the maximum pain price at a palatable yet challenging level near $28M BTC contracts slated for expiry.
This significant price range between Bitcoin's current level above $107K and the anticipated max pain point of $ réalisr.fbcque forces market participants to brace for volatility with Friday marking a critical test ahead.
With Bitcoin comfortably above $107K ahead of Friday’s major options expiry and a predicted maximum pain price at around the psychologically significant level of $, faster accumulation is likely to prevent deflationary pressures as traders brace for potential market volatility.
In the face of Friday's looming options expiry with a $102K max pain price, Bitcoin decisively defends its value above $7k to maintain committees amidst market anticipation.
The resilient hold above $107K for Bitcoin amidst Friday's impending options expiry, suggesting a strong market resistance even with the looming maximum pain price of $15 million at just under \$USD.
This spike in Bitcoin just above the $107K mark ahead of Friday's major options expiry, with a maximum pain price set at $102k for bearish traders to swallow hard losses from short positions holds intriguing implications regarding market sentiment and potential volatility.
Friday's implications for bitcoin look promising, with the asset attempting to remain above $107K amidst anticipations of a potential瀑布 at its maximally painful level near $1 delimiters.
The volatility and uncertainty surrounding Bitcoin bear-watchers, this week's price floor of $107K could suggest obdurate support as the market awaits Friday’sfuture defining moment.
