$15B options expiry: the market therapy session nobody ordered.

Today is a historical day. A record options expiry hits BTC and ETH on Deribit, with $15B stacked on Bitcoin and $2.3B tied to ETH. Max pain zones scream at $102K for BTC and $2,200 for ETH, a magnetic price cluster that traders love to fear.

This expiry signals a massive checkpoint for market sentiment, shaping a visible path for where flows might chase next. Option max pain acts as a mirror, reflecting the collective hallucination of risk and burning away illusions in real time.

A BTC breakout after expiry could spark a violent leg. Stagnation would push us deeper into crab town. Complacency gets taxed either way - max pain always collects..