Bitcoin's June downturn leaves $8.6 billion in options out of the money
Hex37's read
- Most Bitcoin options for June 26 are out of the money.
- Only 20% of open interest is currently in the money.
- Bitcoin's 12% monthly decline has impacted bullish positions.
What it means for traders
- Significant bearish sentiment or price drop impacting options contracts.
- Traders may need to reassess strategies due to out-of-the-money options.
Affected markets
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