Bitcoin Holds $84,000 Following $16 Billion Options Expiry

Bitcoin maintained its price above $84,000 after $16 billion in BTC options expired on Deribit on September 25 at 08:00 UTC. The market is now entering a 'Gamma reset' phase as the large quarterly contracts expire and market makers adjust their positions. Data indicates that the 'Max Pain' theory did not dictate price action, and the market is now shifting focus to new open interest distributions for October and December.