Bitcoin at $80.7K: Fed Decision Wednesday, $11.1B Options Expiry Friday
- —Markets price a 7% chance of a hike Wednesday and 73% for December
- —Friday's expiry covers $11.1B, 34.6% of Deribit's BTC open interest, put/call ratio 0.56
- —Largest position is the $95,000 strike at ~25,031 BTC, now far out of the money
- —Max pain sits at $78,000; Binance and OKX data point to $81,000–82,000
Why it matters: The Fed decision and Friday's expiry set the week's volatility; with a hold largely priced in, any hawkish surprise would hit unprepared leveraged positions.
Source: CryptoTicker