Bitcoin Drops to $62,000 Ahead of $10 Billion Options Expiration, Max Pain Theory Questioned

BTC-1.89%
According to CoinDesk, Bitcoin dropped to the $62,000 range ahead of a $10 billion options expiration, trading well below the "max pain" level of $72,000. The decline has intensified market skepticism about the max pain theory, which suggests that options sellers may manipulate the market to push prices toward levels that maximize losses for options buyers and gains for sellers.
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