10 พันล้านดอลลาร์ Bitcoin Options หมดอายุบน Deribit 26 มิถุนายน

Roughly $10 billion in notional value of Bitcoin options expires on Deribit at 4 p.m. on Friday, June 26, in Singapore, adding pressure to a market battered by fading institutional demand and macro headwinds. The expiring contracts account for about 37% of open interest on Deribit, the largest crypto options venue, with most positioned as bullish bets while Bitcoin slides. The event unfolds as Bitcoin dipped below $60,000 and U.S.-listed Bitcoin funds bled about $2.92 billion in net outflows this month.

Deribit Options Expiry Accounts for 37% of Open Interest

The expiring contracts represent about 37% of open interest on Deribit. According to Deribit's Jean-David Pequignot, the put-to-call ratio sits at 0.83, meaning bets on Bitcoin rising still outnumber bets on it falling, Bloomberg reported. Most call open interest is now out of the money, leaving those contracts with no intrinsic value at current levels, while puts cluster around $60,000 to $65,000 and $70,000 to $75,000, positioning that favors the bears.

Tesseract Group's Adam Haeems cautioned that expiry mechanics clear positioning rather than set direction. A call-skewed market falling into thin quarter-end and summer liquidity raises the odds of an outsized move that later mean-reverts as dealer hedging unwinds. Haeems sees the bigger test arriving in the first full week of July, once the quarterly book clears and leverage drops.

Bitcoin Trades at $59,283 Amid $2.92 Billion Fund Outflows

Bitcoin dipped below $60,000 and was trading at $59,283 at press time after dropping 2.6% over the past 24 hours. It remains down more than 50% from its record and sits well below its 200-week moving average, a level that can signal a prolonged bear market. Bitcoin's 200-day moving average is $84,443.95 at the time of writing, according to Barchart.

U.S.-listed Bitcoin funds have bled about $2.92 billion in net outflows this month.

FAQ

What is the notional value of Bitcoin options expiring on Deribit on Friday, June 26?

Roughly $10 billion in notional value of Bitcoin options expires on Deribit at 4 p.m. on Friday, June 26, in Singapore, accounting for about 37% of open interest on the platform.

What is Bitcoin's current trading price and recent performance?

Bitcoin was trading at $59,283 at press time after dropping 2.6% over the past 24 hours. It remains down more than 50% from its record and sits below its 200-day moving average of $84,443.95 per Barchart.

How much have U.S.-listed Bitcoin funds lost in outflows this month?

U.S.-listed Bitcoin funds have bled about $2.92 billion in net outflows this month.