Deribit Exchange Data Shows Bitcoin Primed for Breakout Ahead of $15B Options Expiry
Bitcoin's price is displaying strong bullish momentum as it nears a pivotal $15 billion options expiration on June 27. With 139,767 BTC options set to expire—comprising 80,351 calls and 59,416 puts—the market is preparing for potential volatility. The max pain price is $102,000, significantly below Bitcoin's current trading level around $108,090, indicating possible upward pressure.
The cryptocurrency has risen 3.17% this week, recovering sharply from a weekly low of $98,560 during Middle East tensions. Now just 3.54% below its May 22 all-time high of $111,970, traders are eyeing a decisive break above $110,000 that could push BTC to new records. Deribit exchange data shows a put/call ratio of 0.74, reflecting stronger demand for bullish positions.
