The inflows from the United States spot Bitcoin 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 (BTC) price.
The BTC futures options are set to expire with a put-to-call ratio of 0.66 on June 7, at 8:00 a.m. UTC, according to a June 6 X post by Deribit Exchange.
