Bitcoin Price Drops Below $64,000 Amid $9.6 Billion Options Expiry
Bitcoin's price dropped below $64,000 on July 31, 2026, marking a decline of approximately 1.3% from its previous close around $64,700.
This move coincided with the settlement of a large block of cryptocurrency options, including around 149,000 Bitcoin contracts worth nearly $9.6 billion in notional value.
The expiry was part of a larger event that also included Ethereum contracts, totaling roughly $10.4 billion.