#Maximum Pain for Bitcoin and Ethereum

This Thursday, the crypto sphere’s attention turns to a critical deadline : the expiration of $23 billion in Bitcoin (BTC) and Ethereum (ETH) options, scheduled for tomorrow, Friday.

This exceptional volume far exceeds previous records, such as the $8.05 billion in April 2025 or $6 billion in September 2024. With a “max pain” level estimated between $107,000 and $110,000 for BTC, this expiration could redefine price dynamics, fueling speculation about a major crash. But is this really the most likely scenario ? Let’s analyze the facts.