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Bitcoin Below $60K Could Trigger Gamma-Driven Selloff: Deribit Exec Warns of $1.2B Put Risk

Derivatives Data Market Analysis

2026-06-05 07:59:57

BTC-4.79%

According to CoinDesk, Deribit Chief Commercial Officer Jean-David Péquignot said on June 5 that $60,000 is a critical structural threshold for Bitcoin. Over $1.2 billion in notional value of put options are struck at that level. As Bitcoin approaches this price, market makers face gamma risk on short puts and will be forced to sell spot or futures to rebalance their positions, potentially accelerating the decline. The market also carries excess leveraged long positions, so a break below $60,000 could trigger additional liquidations and amplify the downside pressure.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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