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$10.6B Bitcoin options expiry may trigger volatility as 80% of positions are underwater.

Market News
25 Jun 2026
Crypto Briefing
View Source
Bearish
pluang ai news

Over $10.6 billion in Bitcoin options are set to expire on June 26, the largest expiry event on the calendar. Currently, Bitcoin trades between $61K and $65K, with about 80% of open positions, worth $8.6 billion, out-of-the-money and likely to expire worthless. The critical $60K strike level could trigger significant market moves if breached, as holders of bearish puts may exercise or hedge, amplifying selling pressure. This expiry could cause short-term volatility due to market makers' hedging and traders rolling contracts.

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Bitcoin may hit its bear-market bottom between Oct-Dec 2026 near $42,000-$44,000, says miner Jiang Zhuoer.

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