MARKETS BRACE FOR THE LARGEST BITCOIN OPTIONS EXPIRY OF THE QUARTER

Approximately $10.6 billion in Bitcoin options are scheduled to expire on Friday, June 26, making it the biggest quarterly derivatives event of the year.

With Bitcoin trading well below the estimated $72,000 max pain level, current positioning suggests option writers stand to benefit, while many leveraged long positions remain under pressure.

Major quarterly expiries have historically been accompanied by sharp increases in volatility as traders adjust positions, unwind hedges, and rebalance exposure.

The next 24–48 hours could prove decisive, with elevated trading activity and rapid price swings likely to dominate the market.