• Deribit’s June quarterly options expiry included about $9.06B in BTC options of a $10.63B total; put-call ratio 0.63, max pain near $70,000. Traders will watch OI and IV shifts.
  • BTCUSD near $60,106. Strategy Inc. holds ~847,363 BTC (~4% supply) with avg cost $75,651, implying ~ $13B unrealized loss.
  • A $10.6B options expiry saw most Bitcoin contracts expire worthless. After expiry, BTCUSD climbed ~1.1% to above $60,000, noted as a potential near‑term volatility reset.