#Deribit data reports that over $10.6 billion in BTC options will expire on June 26, with approximately 80% (about $8.6 billion) out of the money, and only about 20% in the money.
@DeribitOfficial's quarterly options typically expire on the last Friday of the quarter at 08:00 UTC, which is around 16:00 Beijing time today. Deribit options are European-style, cash-settled, with automatic settlement of profits and losses at expiration, and no actual BTC delivery occurs.
Based on the current situation, let's see if the BTC price can stay above $60k before 16:00 this afternoon. If it can hold, a short squeeze may occur, attracting upward momentum toward the 61,200-62,000 target.
Conversely, if it fails to stay above $60k and that level becomes resistance, then a large number of bullish options will expire worthless. In that case, the options structure, technical structure, and capital flows will all align bearish, and the price may continue to face downward pressure and be cleared lower.