Bitcoin · Strategy · OKX · Cointelegraph
Bitcoin June 26 options open interest at Deribit, BTC
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Total call options open interest at Deribit hit $6 billion, but 78% of that sits at $72,000 or higher.
Key facts
- Total call options open interest at Deribit hit $6 billion, but 78% of that sits at $72,000 or higher
- In contrast, out of the $4.5 billion in put (sell) options open interest, only 28% hinge on Bitcoin falling to $57,000
- OKX sits in second at 6%, followed by Binance and CME at 5% each, and Bybit with 4%
- The firm added 62,841 BTC in four weeks, helping push prices above $73,000
Summary
Bitcoin bears hold the upper hand in the upcoming Bitcoin options expiry, a potentially early warning that more BTC downside could unfold. 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. $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. Deribit options dominate the scene with $10.4 billion in open interest, representing a 79% market share.