Forbes: BTC volatility may rise ahead of $10B options expiry

Bitcoin could face increased volatility as a massive options expiry approaches, with the cryptocurrency having already fallen to a 21-month low, Forbes reported. The price of BTC dropped to an intraday low of $58,131, its lowest level since last September. Approximately $10 billion in options are set to expire on June 27 on Deribit, the world's largest crypto options exchange. Forbes noted that market volatility could surge as traders simultaneously close existing positions and establish new ones. Separately, Coatue Management founder Philippe Laffont stated a preference for AI-related assets over Bitcoin, arguing that companies like SpaceX or those in the AI sector are likely to generate higher returns over the next 20 years.