TechFlow news, according to Deribit data, over 62,000 BTC options will expire on November 27, this Friday, with a total value of approximately $1 billion. As Bitcoin's price has recently surged, the maximum pain point for the expiring BTC options has reached $16,000.
Note: In options trading, the "maximum pain point" refers to the price level at which option buyers suffer the greatest loss—losing their entire premium—while option sellers (mostly institutions) gain the most. The underlying asset's settlement price tends to move toward the strike price that minimizes the overall market value of outstanding options.




