Markets are bracing for a massive weekly Bitcoin options expiry on Deribit, totaling $8.5 billion (around 109,000 BTC), scheduled for Friday at 11:00 AM Mecca time.
Bitcoin is currently trading near $76,000, while the max pain price is estimated at $72,000 — the level where the majority of options expire worthless.
The Put/Call ratio stands at 0.91, suggesting a relatively balanced market with a slight bullish tilt. However, liquidity concentration at lower levels raises the احتمال of short-term downside pressure.
Data indicates a potential price pull toward the $71,000–$72,000 range, where liquidation clusters are concentrated, potentially triggering heightened volatility as expiry approaches.