𝘽𝙄𝙏𝘾𝙊𝙄𝙉’𝙎 𝘽𝙄𝙂𝙂𝙀𝙎𝙏 𝙏𝙀𝙎𝙏 𝙏𝙃𝙄𝙎 𝙒𝙀𝙀𝙆 𝙄𝙎 𝙉𝙊𝙏 𝙉𝙀𝙒𝙎 — 𝙄𝙏’𝙎 𝙊𝙋𝙏𝙄𝙊𝙉𝙎 Around $6.25B in $BTC options are set to expire today on Deribit, and this may explain why Bitcoin has been acting so heavy. This is not random weakness. Options expiry can create a “gravity zone” where market makers hedge around major strikes. Right now, the key battlefield sits around $75K max pain, with heavy puts near $75K and large calls around $80K. That means $BTC is not just fighting sellers. It is fighting positioning. If Bitcoin holds above the pain zone, bulls can regain momentum and liquidity may rotate back into $ETH , $SOL , $BNB , $HYPE , $ENA , $ONDO , $JUP , $LINK and high-beta alts. But if $BTC loses that level, the market can quickly move into defensive mode, with traders hiding in $USDT , $USDC , $TRX and large caps while weaker alts get punished. Crypto equities are also exposed. $MSTR , $COIN , $MARA , $RIOT and $HOOD usually react aggressively when Bitcoin volatility expands. Today is not just about direction. It is about who controls the expiry: Bulls need strength above the pain zone. Bears need $BTC pinned lower. After expiry, volatility can either cool down fast… or explode if hedges unwind aggressively.