Bitcoin Faces Volatility Risk Ahead of $10 Billion Options Expiry

Bitcoin could see bigger price swings ahead of an options expiry worth about $10 billion after falling to its lowest level in 21 months.

Forbes reported on June 25 that Bitcoin fell as low as $58,131 intraday, its weakest level since September last year.

About $10 billion of options are due to expire on Deribit, a global crypto options exchange, on June 27 Korea time, Forbes said. The expiry could heighten market volatility as investors unwind existing positions and build new ones.

Separately, Coatue Management founder Philippe Laffont said he prefers AI-related assets over Bitcoin. He said SpaceX and AI-related companies are more likely to generate higher returns over the next 20 years.