Bitcoin and Ethereum options totaling $11.85 billion expire this week, with max pain levels above current prices.
$11.85 billion in crypto options expire Friday, including $10.16 billion in Bitcoin contracts. Bitcoin’s max pain level is $72,000, 15% above its current $61,750 price, suggesting upward pressure from expiry.
Most Bitcoin call options are stacked at $80,000, $90,000, and $100,000, while Ethereum’s $1.69 billion in expiring options have a max pain level of $2,000, 20% above its $1,648 spot price. Heavy call positions at $2,100 and $2,500 for ETH could expire worthless if prices remain flat.
Max pain levels above current prices indicate potential upward pressure, as option sellers benefit if assets stay below these thresholds.