Bitcoin and the wider crypto market faced a heavy risk-off session as ETF redemptions, leverage liquidations and a large Deribit options expiry converged.
Deribit’s June quarterly options expiry settled with roughly $10.63 billion in notional BTC and ETH contracts, putting max pain and positioning in focus.
CoinShares says 52% of UK advisers report a major gap in visibility over client crypto exposure, highlighting a risk-management issue for wealth firms.