Record Bitcoin options expiration worth $23.6 billion: what to expect for the BTC market

Financial markets are preparing for a major event — the expiration of record-breaking Bitcoin options worth $23.6 billion. This event will occur on Friday and could significantly impact BTC price dynamics.

Key Levels and Option Distribution

The current Bitcoin price is $92.56K, but analysts highlight several critical price zones where the majority of contracts are concentrated. Call options (betting on growth) are accumulating in the range of $100,000—$120,000, indicating optimism among a significant portion of market participants regarding future price movement.

At the same time, put options (betting on decline) are positioned near the $85,000 mark, demonstrating interest in protecting against a decrease in asset value.

The Max Pain Point as a Market Movement Indicator

The critical max pain level is set at $96,000 — the price at which most options contracts will expire worthless for their holders. It is around this level that the greatest market uncertainty is concentrated.

Traders are closely monitoring this zone, as the BTC price stopping at this level could lead to significant redistribution of losses and profits among options holders. Such situations are often accompanied by sharp price movements and increased volatility.

Market Expectations Before Options Expiry

As the expiration date approaches, analysts and traders expect increased market activity. The scale of this event — $23.6 billion — emphasizes its importance for the cryptocurrency financial ecosystem and could serve as a catalyst for substantial BTC price fluctuations.

Key levels between $85,000 and $120,000 remain in the focus of professional market participants, preparing for potential opportunities that this event may present.