Deribit to settle $12.2 billion in Bitcoin options on October 30
- —The October 30 expiry is ten times the next weekly date: 149,686 contracts versus 14,759
- —Calls total 98,552 contracts against 51,134 puts, a ratio of 0.52
- —Largest call clusters: 25,570 at $95,000 and 15,254 at $90,000
- —Max pain stands at $79,000, about 2.9% below the current price
Why it matters: Delta hedging by call writers adds spot selling pressure while BTC stays below $90,000, with the options market pricing a $76,500–86,300 range into expiry.
Source: CryptoTicker