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Bitcoin and Ether face a $11B options expiry amid weak spot prices and rising downside protection demand.

Market News
26 Jun 2026
Crypto news
View Source
Bearish
Bitcoin and Ether face a $11B options expiry amid weak spot prices and rising downside protection demand.

Around $9.3 billion in Bitcoin options and $1.6 billion in Ether options are set to expire on June 26, marking one of the largest crypto derivatives events of 2026. Bitcoin trades near $59,648, below its $72,000 max pain level, with traders paying premiums for puts as protection against further price drops. Ether is also under pressure, trading near $1,544, far below its max pain level of $2,000. The large expiry combined with weak spot prices and increased demand for downside hedging could keep volatility high in the near term, with key support levels for Bitcoin at $58,000-$60,000 and Ether at $1,600.

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