Recent data from Deribit indicates a major expiration of Bitcoin (BTC) and Ethereum (ETH) options contracts is slated for November 15. This expiration involves approximately $30.37 billion in BTC options. Such expirations typically have substantial market impacts, often aligning actual price movements towards the "maximum pain" price for maximum profit of option sellers.
The maximum pain point for this expiration is reported to be $77,000 for BTC, indicating a price level where the maximum number of options expire worthless. This phenomenon is closely watched by traders as it can signal potential price moves or market sentiment shifts.
