Bitcoin has rallied from ~$62K to ~$80K in a week. Now Friday’s options expiry puts that move directly against some of the market’s largest strike concentrations. ~$6.4B in BTC options expire on Friday, with: → $236M in call notional at $75K → $157M in calls at $80K → Max pain around $68K Much of that positioning was established before BTC’s ~23% move higher. With spot now trading around the upper call concentrations, those strikes have become more relevant into expiry than they were a week ago, as the market has moved directly into a larger pocket of outstanding options exposure. A very different expiry setup than the one established before the rally.(Coinbase Assets 🛡️)