Live updates: Bitcoin options worth $6.4 billion just expired as prices hover near $80,000

About $6.4 billion of Bitcoin options expired as BTC prices hovered near $80,000. The expiry cleared a large chunk of short-term open interest, removing a significant derivatives overhang and reducing immediate gamma- and delta-driven hedging pressure. With that options overhang gone and price holding, near-term volatility is likely to be lower and subsequent directional moves will depend more on spot flows and macro catalysts than on options-driven squeeze dynamics.