Bitcoin options are poised for their largest-ever expiry, amounting to $23.6 billion. The options, set to expire on Friday, feature a concentration of call options between $100,000 and $120,000, while put options are positioned around $85,000. The maximum pain point, where the most options will expire worthless, is identified at $96,000. Traders are closely monitoring these key levels as the expiry approaches, anticipating significant price movements.