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5BitcoinProgressed· since 2026-06-20Jun 21, 2026

Bitcoin $13B Options Expiry: Bearish Bets to $52K Loaded; $786M Short Liquidation Trigger at $64K

Approximately $13 billion in Bitcoin options expired with bearish positioning dominant, including put options with strikes extending to $52,000. On-chain data identified a break above $64,000 as the trigger point for approximately $786 million in short liquidations on centralized exchanges. The expiry occurred as Bitcoin held in a decision zone between key support and resistance levels.

The $13B Bitcoin options expiry occurred with bears in control; a break above $64K was identified as triggering $786M in short liquidations on centralized exchanges.

Story timeline · 4 days

  1. Jun 22, 20265
    Bitcoin $10B Options Expiry Sees 80% OTM Positions; Options Boom Changes Investor Behaviour

    Post-expiry analysis identifies 80% of positions as out-of-the-money; options market structural shift discussed.

  2. Jun 21, 20265· this story
    Bitcoin $13B Options Expiry: Bearish Bets to $52K Loaded; $786M Short Liquidation Trigger at $64K

    The $13B Bitcoin options expiry occurred with bears in control; a break above $64K was identified as triggering $786M in short liquidations on centralized exchanges.

  3. Jun 20, 20265
    Bitcoin Options Expiry of $13B Looms; Bearish Bets Loaded to $52K; Short Liquidation at $64K

    Specific $13B options expiry date identified for June; $64K short liquidation cascade level quantified; sell pressure weakening data from CryptoQuant also published.

  4. Jun 19, 20265
    Bitcoin Bearish Options Bets Loaded Down to $52,000

Sources · 1