Bitcoin’s June downturn leaves $8.6 billion in options out of the money
Only 20% of June 26 options open interest is currently in the money, while bitcoin’s 12% monthly decline leaves most bullish positions underwater.
Make preferred on
Share this article
Summary
- More than $10.6 billion in bitcoin options are set to expire on June 26, making it the largest and most closely watched expiry on the calendar.
- Just $2 billion of the $10.6 billion in June 26 options open interest is currently in the money, leaving roughly $8.6 billion, or 80%, out of the money.
- The $60,000 put strike holds $450 million in open interest as a key downside support level, while the $80,000 call, with $406 million in exposure, remains the market’s major upside hurdle.
