Bitcoin Price Breaks Out, Surpasses $106K On June 20 Amidst Market Optimism

Key Points

• Despite the BTC options expiry on June 20, BTC’s price surpassed $106,000 during a market rally.
• This morning, $3.3 billion in BTC options were set to expire on Deribit.
• Meanwhile, Trump expects the GENIUS Act on his desk.

On June 20, Bitcoin kicked off the day with bullish moves, as $3.3 billion in Bitcoin options expired on Deribit. Bitcoin’s price is supported by huge market optimism, continued institutional interest, and rising global adoption.

Bitcoin Price Breaks Out

At the moment of writing this article, BTC is trading above $106,000, seeing a recent price rally of over 2% from $104,000 levels earlier.

BTC recorded four consecutive green candles, amidst the $3.3 billion in BTC options expiry on Deribit. On June 19, Deribit revealed the expiration data for both BTC and ETH, and the industry was eager to see how the market would react today.

🚨 Options Expiry Alert 🚨

Tomorrow, about $3.9B in crypto options are set to expire on Deribit. $BTC : $3.3B notional | Put/Call: 1.16 | Max Pain: $106K $ETH : $546M notional | Put/Call: 0.68 | Max Pain: $2,600

BTC shows more balanced positioning near max pain, while ETH flows… pic.twitter.com/hBKVTcodeP

— Deribit (@DeribitOfficial) June 19, 2025

BTC’s price continues to see support from rising global adoption, with more companies adopting the Bitcoin strategy , while institutional interest continues.

From June 9 to June 18, BTC ETFs in the US recorded consecutive inflow days, with the biggest inflow day being on June 10, above $431 million, according to data from SoSoValue.

Optimism Remains in the Crypto Industry

As Bitcoin price rallies, it mirrors the continued optimism in the crypto industry. Despite the latest Fed Chair’s decision to leave the interest rates unchanged, and despite the global geopolitical tensions, Bitcoin manages to remain above the important level of $100,000 and records fresh bullish moves.

One of the catalysts for BTC’s price is the GENIUS Act, which has recently passed the Senate and it’s expected to receive a vote in the House.

The US President Donald Trump addressed the GENIUS ACT recently, saying that he’s waiting for a “LIGHTNING FAST” move by the House so he can sign it.

The GENIUS Act will offer more clarity and support for the entire crypto industry, pushing it forward and bringing new massive investments and innovation in the ecosystem, while protecting consumers.