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Bitcoin Options Worth $23.6B Set to Expire Friday in Record-Breaking Event

Bitcoin options worth approximately $23.6 billion are set to expire on Friday, representing the largest options expiry in Bitcoin's history, BlockBeats reports on Dec. 24. The expiry is notably large and skewed toward bullish positions, with the max pain level—the price at which option buyers face maximum losses and sellers maximum gains—standing at $96,000. Analysts say this positioning supports the prevailing upward price trend.
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