$10 Billion Options Expiry Completed, Bears Are Unleashed❗️

Hey friends, today is June 26, and we just saw $10 billion in options expire. This is a big deal and has a significant impact on Bitcoin's price movement! 78% of call options expired worthless. $7.5 billion worth of bullish bets turned into scrap paper today. Meanwhile, $450 million worth of put options were stacked around the $60K level—if the price stays below $60K, the bears are cashing in. Before the expiry, market makers placed a ton of buy orders around $60K to hedge—this is the real reason the price kept bouncing back to $60K. It wasn’t the bulls fighting back. These hedging orders acted like ropes, tying the bears’ hands. Now that the expiry is done, the ropes are untied. Historically, within 24 to 48 hours after major options expirations, prices tend to pick a direction. With 78% of options out of the money, the bearish structure is dominant this time—once the ropes are off, the direction favors the bears. Below $58K, there are $1.6 billion worth of long liquidation orders. Before the expiry, hedging buy orders were holding things up, but now they’re gone. The only thing left to watch is when the bears pull the trigger. The direction is highly likely to be downward—breaking below $58K will trigger long liquidations. Let the expiry settle first, and wait for the volume and candlesticks to show the direction. No rush. #Bitcoin #BTC #OptionsExpiry #3DTradingAnalysis