Bitcoin options worth approximately 7.49 billion USD are set to expire on Deribit on Friday at 3 PM Vietnam time (midnight California time), covering 115,000 BTC contracts. The max pain price for these contracts is estimated at 75,000 USD. Separately, Ethereum options expiring at the same time show a max pain level of 2,200 with approximately 886 million USD in notional value. Max pain represents the price point where the largest number of options would expire worthless, potentially influencing price movement as expiration approaches.
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