Bitcoin Remains Above $107K Before Major Options Expiry on Friday

Bitcoin (BTC) traded at $107,500, down 0.2% over the past 24 hours. The CoinDesk 20 index decreased by 0.9%.

Major options expiry on Deribit scheduled for Friday, with $40 billion in open interest.
38% of BTC options contracts expiring Friday.
Max pain price set at $102,000; put/call ratio is 0.73.
Implied volatility dropped to 38% from 50% in April.
Technicals suggest caution at the pivotal $105,000 level.
Low open interest and depressed implied volatility indicate limited expectations for sharp price movements.

Core Scientific (CORZ) surged over 33% amid acquisition talks with CoreWeave (CRWV). Other crypto stocks like Circle (CRCL), Coinbase (COIN), Riot Platforms (RIOT), and Hut 8 (HUT) gained between 5%-7%. Strategy (MSTR) fell nearly 1%.