finance
Bitcoin Trades at $61,650 as $10 Billion Options Expire on Deribit
Bitcoin fell from about $67,000 to below $60,000 before trading at $61,650.42 on June 25. A $10.2 billion quarterly options settlement is scheduled for June 26 at 8:00 ET on Deribit.
CoinDeskAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
Bitcoin traded at $61,650.42 on June 25, 2026, after declining from about $67,000 to below $60,000 in recent sessions. CoinDesk reported the drop occurred ahead of a large options settlement. A $10.2 billion quarterly options expiry is scheduled for June 26 at 8:00 ET on Deribit, the world's largest crypto options exchange.
The max pain level for the contracts stands at $72,000. Deribit has described the June expiry as one of the year's biggest liquidity events. Jasper De Maere, an OTC trader at Wintermute, said recent expiries have not mechanically pinned prices to the max pain level.
The max pain theory holds that option writers push spot prices toward the level that maximizes losses for buyers. Bitcoin's current price remains well below the $72,000 threshold.
Transparency
How sources framed this
Single source — no framing comparison available.
CorroborationModerate · 1 source
