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Bitcoin Surges Past $120,000 Amidst Record Options Expiry

Guavy AI Editorial Team Published October 3, 2026

Instruments

BTC ETH

Bitcoin's price has been above $120,124 on October 3, 2026, as a massive $4.3 billion in Bitcoin and Ethereum options reached expiry.

The settlement included $3.36 billion in Bitcoin options on Deribit and $974.3 million in Ethereum options.

The max pain level for Bitcoin hits $115,000, while the max pain level for Ethereum is at $4,200.

Analysts at Greeks.live describe the current environment as extreme and choppy price action where 3% price moves happen suddenly without direction.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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