Bitcoin traders are dumping billions into insurance in case the price drops to $75k as June options expiry creates a high-stakes price trap
Bitcoin’s June 26 options expiry gives a clear snapshot of how threat is being framed a number of months out, and the image that emerges is certainly one of deliberate insurance. Total open curiosity for the expiry sits close to $3.92 billion in notional phrases as of Jan. 20, with places outnumbering calls at roughly…
