11 billion dollars expire on Friday: is a Bitcoin setback coming?

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: 135,159 Bitcoin options run out on the derivatives exchange Deribit on Friday morning, together worth roughly 11 billion dollars. The calculated pain point sits at $78,000 and therefore 3.9 percent below the current price. What the expiry does, what it does not do, and which levels count.The evidence: 135,159 Bitcoin option contracts are open on the derivatives exchange Deribit for Friday's expiry on October 30. At a price of $81,179 on Thursday afternoon, that comes to a notional value of roughly 11 billion dollars. The calculated pain point of this expiry, max pain in the trade's jargon, sits at $78,000. Our assessment follows further down: the figure works as a pointer to where option sellers' interests lie, not as a price target. Bitcoin trades at $81,179, or 72,735 euros, at around 4 p.m. German time on Thursday, October 29. Over the past 24 hours the range ran from $79,636 to $81,698; over seven days there is a loss of 0.77 percent, over 30 days one of 3.04 perce...