Bitcoin Tests Key Support Levels as Deribit Exchange Prepares for $4B Options Expiry

BTCC / BTCC Square / Global Cryptocurrency /

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2025-06-20 06:21:09

Deribit exchange News -

Bitcoin's price struggles below the 50-day moving average amid mounting macroeconomic pressures. Speculation grows around the Bank of Japan's potential policy shift following a 3.7% Core inflation reading, while Middle East tensions add to market uncertainty. Today's $4 billion options expiry on Deribit exchange compounds the bearish sentiment.

Trading volume dropped 28% as BTC tested the $103,100 Fibonacci support level. The quarterly options expiry, with max pain at $100,000, creates a critical juncture for institutional positioning. Current market structure suggests either consolidation or further downside depending on daily moving average closes.

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