Bitcoin options worth $2.2B expire October 2 with $83K max pain
- —Notional value of BTC options expiring October 2 is $2.209 billion
- —Max pain stands at $83,000, Deribit data confirms
- —Largest OI at $82,000 strike: 3,050.4 BTC, 11.45% of total
- —Expiry set for October 2 at 5:00 p.m. KST
Why it matters: Ahead of expiry, market makers may hedge positions in spot and futures, amplifying BTC volatility around the $82,000–83,000 range.
Source: TokenPost