Bitcoin Options Expiry Highlights Range-Bound Pressure

[madmax]

BTC is trading near $87,194, just below the $88,000 max pain level. Open interest shows 17,506 call contracts vs. 13,309 puts, creating a put-to-call ratio of 0.76.

Analysts note that while calls dominate, concentration around $88K points to limited upside momentum, suggesting Bitcoin may stay range-bound through today’s expiry unless the spot breaks decisively higher.