$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. $13 billion in Bitcoin (BTC) options open interest is set to expire on June 26, potentially giving bears fresh ammunition for more downside pressure on BTC price. Bitcoin’s 14% price drop in June so far has caught bulls flat-footed, since most call (buy) options were stacked at $68,000 or higher. Will this monthly expiry open the door for a July recovery?