On Friday, bitcoin BTC $ 70,899.00 options or derivative contracts worth billions will expire on crypto exchange Deribit. The world's largest crypto options exchange, will settle bitcoin options contracts worth $14.16 billion on Friday at 08:00 UTC. This means nearly 40% of all open interest, the dollar value of all active contracts on the exchange, is set to expire within 48 hours. The'max pain' price, the level where the most contracts would expire worthless, sits at $75,000. This could act as a price magnet for bitcoin, with the current market price at $71k. However, Deribits warns that this could lead to a controlled expiry rather than an immediate explosion in volatility.