Bitcoin Slips Below Key Holder Cost Basis Ahead Of $1.74B Options Expiry

Bitcoin is trading below a key cost threshold that short-term holders paid to acquire it — a sign that many recent buyers are sitting on losses heading into one of the largest options expiry events of the month.At 08:00 UTC today, ~$2.14B in crypto options are set to expire on Deribit.$BTC

Broader Pressures Weigh On Crypto Markets

The options expiry is not happening in a vacuum. US PCE inflation came in at a three-year high of 3.5%, rattling broader markets and prompting profit-taking across crypto.

Oil prices rose to $106 a barrel as the US maintained a naval blockade of the Strait of Hormuz. Reports indicate US President Donald Trump has rejected Iran’s offer to end the standoff, with reports of a possible escalation adding to market unease.

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Together, those factors have kept buyers cautious. Crypto markets saw widespread selling after the inflation data dropped, and uncertainty around the geopolitical situation has not eased.

Whether today’s options expiry adds to that pressure — or passes without incident — may depend on whether Bitcoin can hold above the $76,000 mark when contracts settle.

Featured image from Gemini, chart from TradingView

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