The $6 billion expiration countdown: Traders pile into $82,000 bitcoin (BTC) calls ahead of May 29 expiry
Bitcoin Bitcoin$77,172.49 Deribit has about $6.25 billion worth of options expiring on May 29, and position data shows $75,000 and $80,000 as key levels to watch. The $75,000 puts have the highest concentration, with a notional value of $394 million, while the $80,000 calls are dominated by $532 million. The maximum pain price (i.e. the…