Bitcoin falls to $62000, market questions effectiveness of option's biggest pain point theory
According to CoinDesk, Bitcoin weakened before the expiration of the $10 billion option, with a price below the maximum pain point price of $72000, raising doubts in the market about the validity of this theory. Bitcoin fell from $67000 to below $60000, deviating from the theoretical expectation of its biggest pain point. Wintermute over-the-counter trader Jasper De Maere stated that there has been no significant price anchoring in the market recently. Deribit stated that the June quarter option expiration is a significant liquidity event this year, with a large number of contracts expiring or rolling over into subsequent cycles.
