Bitcoin Options Expiry Creates $4.1B Market Impact

A critical $4.1 billion worth of Bitcoin and Ethereum options expired on June 20, 2025, potentially reshaping price action with Bitcoin hovering around $105,216 and creating massive speculation about future direction. This massive options expiry event represents one of the largest in cryptocurrency history, with traders closely watching for potential volatility. The expiry included significant put and call positions that could influence market dynamics in the coming weeks. Market analysts are particularly focused on the max pain levels and how institutional traders positioned themselves ahead of this major event.