BTC Options: 31,000 Contracts Expire at $65K Max Pain

BTC options data for June 19 showed 31,000 contracts expiring at a 0.78 put-call ratio and $65,000 maximum pain point with $1.9 billion notional, while 138,000 ETH contracts expired at 1.03 put-call ratio and $1,725 max pain for $230 million notional.

Bitcoin briefly touched 67K earlier in the week yet failed to sustain momentum as institutional flows from MicroStrategy and ETFs overwhelmed bids, pushing price below 63K into expiration; both assets settled beneath their maximum pain strikes.

With price testing upper Bollinger resistance at $67,370.77 while RSI(14) at 36.23 flashed neutral and MACD confirmed the death cross at -581.62, a healthy retracement toward the EMA50 support at $64,419.67 appears probable before any continuation attempt, especially as GEX clusters sit between 60K-63K ahead of next week’s 15% quarterly expiry.