Bitcoin's $1.6 billion dollar listing comes with a 'call-heavy' listing book WaitFix: "one hundred million" better: bitcoin's $16.6 billion dollars listing arrives with a listing box

Let's imagine that you pay $100 to reserve the right to buy a $1,000 laptop in advance, and you can use it forever for the next four weeks. If the price of your computer goes up to $1200, then you take advantage of that right and actually save $200 (minus the fee paid at $100).

Traders use a call option contract to profit from an impending rise in the underlying asset, such as BTC or ETH , while put options work on the opposite side, protecting buyers from potential downside effects of that asset.

The cryptocurrency options market has grown exponentially since 2020, leading traders to combine call and put options with asset holdings in the spot and futures markets for insight into price direction, volatility, and depreciation over time. Such growth makes closing a long-term option contract an event that crypto traders must especially watch out for.

One thing that traders widely follow is the "Max Pain" level of expiration, which refers to the price point at which an option buyer will lose most money on the expiry date. This theory though much debated and argued over states that options sellers may attempt to push the spot price to a maximal point in order to create maximum losses for buyers

Bitcoin's max level is $75,000, which is significantly lower than the current spot price of $85,500.