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Deribit Exchange Sees $3.28 Billion Bitcoin Options Expire as Price Hits $113K
Deribit Exchange Sees $3.28 Billion Bitcoin Options Expire as Price Hits $113K
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Deribit exchange News -
Bitcoin's price recovery accelerated ahead of the U.S. jobs report, climbing to $113,000—its highest level since late August. The cryptocurrency recorded its first higher high since mid-August's all-time peak of $124,000, signaling a potential bullish reversal. Market dominance rose to 59%, reflecting renewed capital inflows into BTC after a period of rotation into ether.
The rebound from Asian session lows may stem from max pain theory, where option sellers push prices toward $112,000 to maximize losses for buyers. Over $3.28 billion in BTC options expired on Deribit, with max pain aligning precisely with the day's price action. Institutional activity appears to be driving this strategic positioning as expiry approaches.
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