Bitcoin Braces for a $10.9 Billion Options Expiry With Max Pain at $78,000, Two Days After the Fed’s Split Hold: Can BTC Hold $79,000?

About 135,700 Bitcoin options worth $10.9 billion expire on Deribit at 08:00 UTC on Friday, October 30, a third of the exchange’s open contracts, two days after the Federal Reserve held rates in a 10–2 vote that left a December hike open. The price is sitting almost on top of the expiry’s pain point. BTC trades at $79,976, down 1.8% in 24 hours, after giving back its whole post-Fed bounce overnight.