Bitcoin faces another test on October 30, with $11 billion in options contracts set to expire. The Federal Reserve held interest rates at 3.75% to 4% on October 28, in line with expectations, although two officials dissented in favor of a 25-basis-point rate hike. The estimated put-to-call ratio of 0.53 indicates that bullish options positions outweigh bearish ones, while $78,000 is the key maximum-pain reference for settlement. The absence of an immediate shock could support a relief rally, but expiry-related positioning, liquidity and economic data will shape short-term price movements. The next FOMC meeting, scheduled for December 8–9, along with inflation, employment and monetary-policy commentary, remains a major source of uncertainty for Bitcoin.
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