#Deribit data reports that over $10.6 billion in BTC options will expire on June 26, with about 80% (approximately $8.6 billion) out-of-the-money and only about 20% in-the-money.

Based on the current situation, we will see if the BTC price can stay above $60k before 4:00 PM. If it does, a short squeeze may occur, attracting prices toward the target of $61,200–$62,000.
Conversely, if the price cannot hold above $60k, forming resistance at that level, then a large number of bullish options will become worthless. In that case, the options structure, technical structure, and liquidity conditions will all turn bearish, and the price may continue to face downward pressure and be cleared.