💣 Today is the expiration of options on BTC: what does a strike of $112,000 mean?

Today, a large Bitcoin options expiration is taking place on Deribit, and the key level where maximum interest is concentrated has become the strike of $112,000. But the price of BTC is already higher — at the time of writing ~$115,740. What does this mean for the market?

🔍 Why is this important?
📌 The zone of maximum interest is the strike where the most options ( are concentrated, most often — call options ). 📌 The strike level can attract the price at the moment of expiration — this is called the "magnet effect". 📌 After expiration, the market often changes direction: either it pulls back or accelerates the trend.

📈 What is happening now?

BTC is trading above $112,000, which means:
Calls at $112,000 are becoming profitable.

The sellers of these options ( market makers and funds ) may try to push the price back down to this level to reduce losses.

Max Pain is likely in the range of $110,000–$115,000

⚠️ What should a trader do?
✅ Do not open new large positions until the expiration is over — increased volatility may hit the stops.
✅ Watch the levels of $112,000 and $115,000 — they are important for assessing the actions of major players.
✅ After expiration, a new phase of movement may begin — keep an eye on volumes and liquidity.