$13B Bitcoin options expiry looms: Will bulls endure more pain in June?
Bitcoin bears hold the upper hand in the upcoming Bitcoin options expiry, a potentially early warning that more BTC downside could unfold.
Key takeaways:
Puts (sell) options dominate the June 26 expiry with net advantages of $1B to $3.4B, leaving bulls exposed.
Despite Strategy buying BTC again, heavy call (buy) positioning above $72,000 will likely reinforce bearish momentum.