Do Options Expiry Really Impact Prices?

I have been continuously getting comments, people telling me about big options expiry. so lets discuss.

Many people believe that options expiry can directly impact the price of Bitcoin, but the truth is: it doesn’t.

Here’s why:

Options trades don’t happen on spot or futures markets. They are separate, so there’s no direct connection between an option expiring and the asset’s price. However, psychology plays a big role.

When people see a large number of options expiring at specific prices (like $85,000 for Bitcoin), they start to panic or FOMO depending on the max pain price. They think the price will be forced to move to that level, but it’s often just a coincidence.

Yes, big traders and market makers might adjust their positions before expiry, but this doesn’t guarantee a price move. Most of the time, it’s just traders overthinking the situation and reacting emotionally.

So, next time you hear about options expiry, remember: it’s not the expiry moving the market, it’s how people react to it. Stay calm, and don’t let the noise distract you.