Updated
Updated · TradingView · Jun 25
$10 Billion Bitcoin Options Expiry Pressures Market as June ETF Outflows Near $3 Billion
Updated
Updated · TradingView · Jun 25

$10 Billion Bitcoin Options Expiry Pressures Market as June ETF Outflows Near $3 Billion

3 articles · Updated · TradingView · Jun 25

Summary

  • $10 billion in Bitcoin options expires on Deribit at 4 p.m. Friday in Singapore, covering about 37% of open interest and adding pressure to an already weak market.
  • Bitcoin slid to $59,023 on Wednesday—its lowest since October 2024—before rebounding to about $61,650, leaving many bullish call positions offside as puts cluster around $60,000 to $75,000.
  • Thin quarter-end and summer liquidity could amplify Friday's move before dealer hedges unwind, though traders say the expiry may clear positioning more than set Bitcoin's longer-term direction.
  • Almost $3 billion has flowed out of US-listed Bitcoin funds in June, while hawkish Fed signals, elevated Treasury yields and concerns over Strategy Inc.'s obligations reinforce a tighter-liquidity backdrop.

Insights

With a $10B options expiry looming, are big investors abandoning Bitcoin or just preparing for a massive market shakeout?
Bitcoin is flashing a 'crypto winter' signal. Will tightening global money supply push it into a prolonged price freeze?