CryptoSlate
If Bitcoin Breaks $62k Over Weekend, $1.1B Short Positions Could Push Price Down to $60k
August 1, 2026•11:10 AM
Bitcoin is trading near $62,900, less than 1% above the July 31 intraday low, while Deribit has already settled approximately $9.6 billion in monthly Bitcoin options. With a short overhang valued at $1.1 billion, the market is on alert for a potential downward move if the price breaks through the $62k resistance level.
The settlement of monthly options on Deribit, which occurs at 08:00 UTC on the last Friday of each month, placed July's Bitcoin notional near $9.7 billion. This significant volume of expired options creates a volatile environment where traders will be watching for potential price movements that could be amplified by short position settlements, potentially driving Bitcoin toward the $60k range.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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