Options Expiry

Bitcoin has fallen from around $67,000 to below $60,000 ahead of a roughly $10 billion options expiry, pressuring the popular max pain narrative. Traders are now watching whether the event fuels volatility instead of the usual price pinning.

Bitcoin weakened toward $62,000 as a broad rout in technology and semiconductor shares dragged risk assets lower for a second straight session. ETF outflows and a looming options expiry added pressure, keeping traders focused on whether $60,000 can hold.

Crypto selling intensified as derivatives data pointed to growing bearish conviction across the top coins. Yet oversold momentum and resilient privacy tokens suggest a rebound may not be far away.