The $6.4 billion expiry cleared after bitcoin’s run from roughly $62,000 to $80,000, leaving traders to rebuild positions around a very different price range.

Friday’s expiry follows bitcoin’s surge from $62,000 to $80,000, leaving market makers with increased exposure to manage around several key strike prices.

Bitcoin's price tops $80,808 as ETF inflows, crypto market gains and $409 million in liquidations fuel the rally.