On November 29, a significant amount of Bitcoin and Ethereum options are set to expire, totaling $9.4 billion and $1.3 billion respectively. This expiration could result in major volatility in the crypto market after the U.S. Thanksgiving holiday. Nearly half of the Bitcoin options, around $4.2 billion, are "in the money" and mostly call options, potentially causing significant price action leading up to the expiration date. However, previous expirations have caused drops in Bitcoin's price, but this time may be different. Market experts believe the price of Bitcoin could range between $70,000 and $82,000 based on the "max pain" theory. Additionally, there are $5.2 billion in out-of-the-money options, mainly puts serving as insurance against a downturn. If market makers need to buy more Bitcoin to cover their positions, it could push the price even higher towards $100,000. Overall, the options expiry could result in wild swings in Bitcoin's price, and it remains uncertain whether market makers will push BTC to new heights or if profit-taking will send it lower.



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