BTC trades 17% below max pain ahead of $10B Deribit options expiry

Bitcoin is trading roughly $10,000 below the max pain level on the eve of one of the largest crypto options expiries on record. Spot sits near $61,700 against a Friday expiry max pain of $72,000 on Deribit, where $10.2 billion in notional options rolls off at 8:00 a.m. ET, exposing the limits of…