According to Lin, the head of Deribit, a cryptocurrency options exchange in Asia-Pacific, this Friday (29th) will witness the largest ever Bitcoin (BTC) options expiration with a nominal value of $9.45 billion. The put-to-call ratio is 0.82, and the maximum pain point is $50,000. Lin further added that the data for this maximum pain point has become distorted due to the significant surge in the past few months.
