Bitcoin Faces $11B Options Expiry as Fed and PCE Risks Converge

Bitcoin trades near $80,600 ahead of a major $11 billion options expiry. Deribit options imply a 3.9% move, with maximum pain near $78,000. Fed policy and PCE inflation could reshape rate expectations and crypto prices. Coinbase and Strategy earnings will test crypto demand and Bitcoin financing. Bitcoin enters the final week of October near $80,500 , with approximately $11 billion in options approaching expiry just as the Federal Reserve prepares its latest interest-rate decision and U.S. inflation figures threaten to reshape monetary policy expectations. The derivatives market offers a more precise measure of the immediate stakes.