DECRYPT · 2026-10-29 17:14 UTC

$11 Billion in Bitcoin Options Expire Tomorrow—Here's What It Means

$11 billion in Bitcoin options expire Friday on Deribit with BTC trading near $81,500, covering about 135,000 Bitcoin in contracts (88,700 calls and 46,500 puts). Put-to-call ratio of 0.52 shows calls outnumber puts nearly two-to-one, indicating optimism for price increases; about 86% of contracts are out of the money. Max pain is estimated at $78,000, roughly $3,500 below current price; heaviest call bets cluster at $95,000 and $100,000 while biggest put cluster is at $70,000.

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