Only 20% of June 26 options open interest is currently in the money, while bitcoin's 12% monthly decline leaves most bullish positions underwater. More than $10.6 billion in bitcoin options are set to expire on June 26, making it the largest and most closely watched expiry on the calendar. Just $2 billion of the $10.6 billion in June 26 options open interest is currently in the money, leaving roughly $8.6 billion, or 80%, out of the money. The $60,000 put strike holds $450 million in open…
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