币界网报道：Bitcoin remains stable around $107,500 as $40 billion in options contracts approach expiry on June 25, according to market data. Analysts note heightened volatility expectations, with significant open interest in both call and put options at strike prices between $100,000 and $120,000. Major institutional players have been actively hedging positions, contributing to the current price consolidation. Derivatives traders are closely monitoring the $105,000 support level, which could trigger liquidations if breached. The upcoming expiry represents one of the largest quarterly options events in Bitcoin's history, potentially influencing short-term price action. Market sentiment appears divided, with some investors anticipating a breakout above $110,000 while others prepare for potential downside protection. The options market's implied volatility suggests traders are pricing in a 15% price swing in either direction around the expiry date.