Bitcoin's June downturn leaves $8.6 billion in options out of the money (opens original article in a new tab)

Bitcoin's June 26 options expiry features $10.6 billion in open interest, with $8.6 billion expected to expire worthless as 80% of contracts are out of the money, creating potential for price volatility.

• Over $8.6 billion in Bitcoin options are out of the money ahead of June 26 expiry
• Only 20% of $10.6 billion in open interest is in the money, with 80% expiring worthless
• Max pain price for expiry is $74,000, 14% above current spot price
• Put-call ratio stands at 0.87 with slightly more call contracts than put contracts
• $60,000 put strike holds $450 million in exposure as key support level
• $80,000 call strike with $406 million in exposure remains major upside hurdle