Bitcoin Traders Brace for Swings on $11 Billion Options Expiry

Brace for massive volatility ahead of this Friday’s $11 billion options expiry. With open interest reaching historic levels, the market is focused on the "max pain" price point, setting the stage for weekend liquidations and heavy delta hedging by institutional market makers. As the crypto market faces a temporary liquidity squeeze leading into the weekend, the big question is whether this expiration triggers a post-expiry squeeze to the upside or dumps us back to local support.