Bitcoin traders face Friday’s $2.7 billion options expiry with a dangerous five-hour blind spot

Bitcoin options worth approximately $2.7 billion expire Friday, five and a half hours before the US jobs report.Data from Deribit shows 33,441 BTC in outstanding options contracts scheduled to expire at 08:00 UTC on Nov. 6, with the calculated maximum pain price sitting at $79,000.The level is approximately 1.6% below Bitcoin's $80,280 current price, placing the expiry near the cryptocurrency's current trading range as investors prepare for another potential shift in US interest-rate expectations.The contracts are heavily skewed toward bullish call options, which account for approximately 25,012 BTC in open interest, compared with 8,429 BTC in puts. That puts the put-to-call ratio at 0.34, with nearly three calls outstanding for every put.The largest concentrations of call open interest sit at the $82,000 and $85,000 strike prices, while significant put positions are clustered between $72,000 and $75,000.Bitcoin options open interest by strike, Nov. 6 expiryDeribit BTC call and put open interest for the Nov. 6, 2026 expiry. Approximate values digitized from a user-supplied Nov. 5 screenshot and rounded to 100 BTC. Very small or unreadable bars are missing (null), not zero; omitted ...