GMT

2026-07-06 15:33:45

Bitcoin's $14 Billion Options Expiry Fuels Sharp Selloff Amid Macro Turmoil

Bitcoin tumbled below $66,200 as a massive $14.1 billion BTC options expiry on Deribit collided with macro headwinds from surging oil prices, rising Treasury yields, and diminished rate-cut expectations. Combined with $2.2 billion in ETH options, the total expiry reached $16.38 billion, representing nearly 40% of Deribit's BTC open interest.

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Bitcoin's $14 Billion Options Expiry Fuels Sharp Selloff Amid Macro Turmoil
2026-07-06 15:26:29

Bitcoin Collapses This Morning as Macro Selloff Collides with $14B Options Expiry

Bitcoin plunged to $66,200 amid a macro selloff (oil surge, higher yields, rate-cut fade) and a massive $14.16B BTC options expiry on Deribit. Combined with $2.22B in ETH options, total notional reached $16.38B, nearly 40% of Deribit's BTC open interest. Max pain at $75,000 remains out of reach. The 30-minute TWAP settlement window amplified volatility.

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Bitcoin Collapses This Morning as Macro Selloff Collides with $14B Options Expiry