As the crypto market closes out June, all eyes are on Bitcoin as a record $15 billion in BTC options contracts are set to expire today, marking the largest quarterly expiry of 2025 so far . This event, which also includes $2,3 billion in Ethereum options, is a regular feature on the last Friday of each month, but the scale this time is particularly significant .
What Does Options Expiry Mean for Bitcoin?
Options expiry refers to the date when options contracts—financial instruments that give traders the right, but not the obligation, to buy or sell Bitcoin at a set price—come to an end. When such a large volume expires, it can lead to increased volatility as traders adjust their positions. However, this time, the market is showing signs of stability.
• BTC Price and Max Pain Point: As of June 26, Bitcoin is trading above $107.000, with the “max pain” price (the level where most options lose value) set at $102.000 . If Bitcoin stays above this threshold, the market is likely to avoid major disruptions.
• Volatility Trends: Recent data shows that Bitcoin’s volatility index has narrowed, aligning more closely with historical averages. This suggests that traders are not expecting dramatic price swings in the immediate future.
Market Sentiment: Bullish Signals Remain Strong
Despite the looming expiry, the overall sentiment around Bitcoin remains positive:
• ETF Inflows: Bitcoin ETFs have recorded 13 consecutive days of positive inflows, with hundreds of millions of dollars entering the market each day. This points to sustained interest from both retail and institutional investors.
• Institutional Accumulation: Companies like Metaplanet continue to add to their Bitcoin reserves, reinforcing long-term confidence in the asset.
• Global Standing: Bitcoin recently surpassed Google’s parent company, Alphabet, to become the world’s sixth-largest asset by market capitalization.
Spotlight: BTC Bull Token and Its Milestone Roadmap
The BTC Bull Token ($BTCBULL) is a new meme coin designed to track and celebrate Bitcoin’s journey to higher price milestones. The project’s roadmap is directly tied to Bitcoin’s price, with token burns and airdrops planned at key levels ($125K, $150K, $175K, $200K, $225K, and $250K). This structure aims to reward long-term holders and create deflationary pressure as Bitcoin climbs.
• Presale Update: The BTC Bull Token presale has already raised $7,5 million, with only a few days left before it closes. The current price is $0,00258, and some analysts predict it could reach $0,0084 by year-end.
Looking Ahead: What Should Crypto Investors Watch?
With the largest options expiry of the year now underway, Bitcoin’s price action in the coming days will be closely watched. If the price remains stable above the max pain point, the market could see continued bullish momentum, supported by strong ETF inflows and institutional interest.
For those interested in riding Bitcoin’s next wave, projects like BTC Bull Token offer a way to participate in the ecosystem’s growth, though—as always—investors should conduct their own research and consider the risks.
