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Forget max pain theory. Bitcoin is well below the $72,000 magnet going into $10 billion options expiry
The article discusses Bitcoin's current price being significantly below the $72,000 level as the market approaches a $10 billion options expiry. It challenges the 'max pain theory' by highlighting Bitcoin's position relative to this price magnet.
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Adjacent reporting
- Bitwise’s Dragosch sees up to 20% further downside for bitcoin, puts ‘max pain’ scenario at $48,000
- $9.8B BTC and ETH Options Expire, Focus Shifts Back to Spot Drivers
- Why Is The Crypto Market Down Today?
- Here's how bitcoin's $7.9 billion April options expiry impact prices
- Bitcoin rally extends, yet BTC options price only 25% chance of $84K in May