Bitcoin Max Pain is set at $41,000 for 19 March expiry

What's new?

Bitcoin Max Pain is set at $41,000 for 19 March expiry.

Why is this relevant?

Max pain for options expiring on 19 March is set at $41,000. Interestingly enough, max pain dips to $40,000 for 20 March expiry.

What does the data tell us?

The data tells us that ‘max pain’ has acted as a magnet to Bitcoin as expiry approaches. The pattern repeated today as Bitcoin currently trades at $41,000 with a max pain of $41,000 for options expiring on 19 March.
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The main takeaway is that options traders expect short-term downside volatility, followed by a choppy trading range.

Nothing in this article constitutes professional and/or financial advice. The content is provided exclusively for informational and/or educational purposes. Nothing is to be construed as an offer or a recommendation to buy or sell any type of asset. Seek independent professional advice in regards to financial, tax, legal and other matters.

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