Bitcoin’s (BTC) $5.8B Quarterly Options Expiry May Spark Market Swings, Deribit Says

Bitcoin’s max pain level for Friday’s expiry is $59,000.”The current max pain point of $59,000, approximately 8% below the spot price, does create some potential downward pressure as we approach expiry,” Rick Maeda, an analyst at Presto Research, told CoinDesk.