Will bitcoin fall below $70K after $2.2B options expiry?

The inflows from the United States spot BTC ETFs could help Bitcoin absorb the selling pressure from Friday’s option expiry.

Bitcoin could fall below the $70,000 psychological mark on June 7, with over $2.2 billion worth of cryptocurrency futures options set to expire.

Of the total $2.2 billion, $1.22 billion of Bitcoin futures options are set to expire on Friday, signaling a “max pain point” of $69,500 for Bitcoin’s

The BTC futures options are set to expire with a put-to-call ratio of 0.66 on June 7, at 8:00 am UTC, according to a June 6 X post by Deribit Exchange.

BTC Options: Open interest by strike price. Source: Deribit

Periods close to the expiration of options are often characterized by increased price volatility in the crypto markets. While the max pain point indicates the price at which most options contracts would expire worthless, it’s not a guarantee that the underlying asset will fall to that price.

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