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

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.