The crypto world is bracing for one of the most critical events of the month. On Friday, June 27, more than $17 billion worth of Bitcoin and Ethereum options are set to expire—a moment that could bring serious volatility and reshape market momentum.

Investors are holding their breath—every move now could have multi-billion-dollar consequences.

🔥 Bitcoin Spiked to $108,000 – Then Went Flat

Bitcoin (BTC) started the week strong, climbing from $100,000 to $108,000 following reports of a ceasefire between Israel and Iran. But the rally cooled off quickly, and BTC is now moving sideways near $107,000.

Now comes Friday—the traditional expiration day for crypto options. And this time, it’s not just any Friday: it’s the last Friday of the month, which makes this one even more significant.

💥 $15B in BTC and $2.29B in ETH: The Market Braces for Impact

On Deribit, the world’s leading crypto derivatives exchange, the following options are set to expire:

🔹 $15 billion in Bitcoin options

🔹 $2.29 billion in Ethereum options

Key figures:

🔸 BTC put/call ratio: 0.75

🔸 Max pain point (BTC): $102,000

🔸 ETH put/call ratio: 0.52

🔸 Max pain point (ETH): $2,200

🧠 What Is the “Max Pain Point”—And Why Does It Matter?

The so-called max pain point is the price level where the expiration of options causes the most losses for the largest number of option holders. In other words—it's a level that big players might try to manipulate the market toward in order to maximize profits.

📉 For BTC, that’s $102,000—below the current market price, which means some investors may start locking in profits, increasing volatility.

📊 Put Options Are Rising—But It’s Not Necessarily Bearish

According to Lin Chen from Deribit Asia, the BTC put/call ratio is currently at 0.75. But he cautions that the rising number of puts doesn’t automatically signal bearish sentiment:

“The rise in put options doesn’t mean investors are expecting a drop. Many are acting strategically—either selling puts for premium income or using them to buy the dip if BTC drops.”

In short: the market is hedging in both directions.

⚠️ What’s Next?

June 27 could be a day of sharp price swings in Bitcoin and Ethereum. If BTC dips toward $102,000, it could trigger a wave of selling followed by rapid rebounds. On the flip side, unexpected buying could push prices even higher.

📌 Summary: Brace for Impact

🔹 $17 billion in options expiring on Friday

🔹 Volatility almost guaranteed, with potential for price manipulation

🔹 Investors are playing both sides of the market


#bitcoin , #Ethereum , #cryptooptions , #cryptotrading , #CryptoMarket

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