Bitcoin’s 12% monthly drop leaves 80% of $10.6 billion in June 26 options expiring worthless, data shows.
Bitcoin’s 12% decline in June has pushed $8.6 billion of options expiring June 26 out of the money, leaving only 20% of positions profitable. The $10.6 billion expiry marks the largest on the calendar, with traders closely monitoring key strike levels.
The $60,000 put strike holds $450 million in open interest as a critical downside support, while the $80,000 call, with $406 million in exposure, remains a major upside resistance. Quarterly expiries often trigger significant market repositioning as traders adjust strategies.
Out-of-the-money options, which would expire worthless if unchanged, dominate the expiry, reflecting bearish sentiment amid recent price declines.