Bitcoin Faces Key Options Expiry as Bullish Bets Rise

Bitcoin is in the spotlight this week as the market prepares for a major options expiry worth over $14 billion.

Written by: Sophia Cruz • Wednesday, June 25, 2025 • 2 min read

• Last updated: Wednesday, June 25, 2025

Quick overview

Bitcoin is facing a significant options expiry worth over $14 billion, with a notable increase in the put-call ratio indicating bullish sentiment among investors.
The upcoming expiry is expected to influence Bitcoin's short-term price movements, particularly if it holds above key support levels.
Recent geopolitical developments, including ceasefire progress in the Middle East, have contributed to renewed optimism in the market.
Analysts predict potential price targets for Bitcoin could reach $160,000 by year-end, while other cryptocurrencies like Ethereum, Solana, and Cardano are also expected to perform well.

Bitcoin is in the spotlight this week as the market prepares for a major options expiry worth over $14 billion.

At the center of attention is the put-call ratio, which has surged ahead of the June 28 expiry date, signaling a tilt in sentiment among large-scale investors. This ratio, which compares bearish and bullish options positions, is currently showing a strong inclination toward calls, indicating more traders are betting on Bitcoin’s price increasing.

With this expiry on the horizon, traders and analysts are watching closely for signs of volatility. Historically, large options expiries have influenced Bitcoin’s short-term price movement, especially when open interest is concentrated around key strike prices. The recent surge in the put-call ratio suggests that bullish bets are stacking up, possibly reflecting optimism following recent global political developments.

That optimism was further fueled by the reported ceasefire progress in the Middle East, which has brought a wave of renewed confidence across risk assets. Some analysts now see a clear path for Bitcoin to continue its rally. One crypto trader, known for accurately predicting previous market movements, has projected that Bitcoin could reach $160,000 by the end of the year if momentum holds. The trader also expects Ethereum, Solana, and Cardano to post strong gains in the coming months.

The mix of macroeconomic relief and bullish technical setups has given investors new reasons to engage with the market. However, this week’s options expiry adds a layer of complexity, as the outcome could either confirm or disrupt the current bullish sentiment. If Bitcoin holds above major support levels during the expiry, it could set the stage for a stronger push toward higher targets in July.

While long-term confidence remains intact, the immediate focus is on how the options expiry will affect short-term pricing and sentiment. Traders are advised to stay alert, as even a small shift in positioning could lead to sharp movements. As always in crypto, preparation and timing remain critical in navigating the market’s next steps.

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ABOUT THE AUTHOR See More

Sophia Cruz

Financial Writer - Asian & European Desks

Sophia is an experienced writer, reporter and newsdesk member, mostly on the financial sectors. For the past 5 years Sophia has covered a wide variety of topics such as the financial markets, economics, technology, fin-tech and trading. Sophia has been a part of the FX Leaders team since 2017 and works on producing valuable content and information for traders of all levels of experience.