Forget max pain theory. Bitcoin is well below the $72,000 magnet going into $10 billion options expiry

60-second summary

Bitcoin is trading significantly below the $72,000 magnet a day before a $10 billion quarterly options settlement, rendering the popular max pain theory ineffective. This discrepancy suggests a lack of conviction among investors, with the price failing to converge towards the predicted level. Market participants are closely watching the options expiry, anticipating potential price volatility.