INSUBCONTINENT EXCLUSIVE:
Key takeaway:Bitcoin (BTC) traders are closely watching the $20 billion monthly options expiry set for Friday
Although Bitcoin is down 1.5% over the past 30 days, traders who used options to hedge against downside risk were already bracing for a
steeper decline.This recent price recovery may give bulls a key opportunity to solidify support at $105,000, a level that could prove
decisive in the push toward a new all-time high in the coming weeks.Bitcoin options open interest for June 27, USD
Source: Laevitas.chCurrently, open interest for call (buy) options stands at $11.2 billion, compared with $8.8 billion for put (sell)
Notably, $7.1 billion of those put options have strike prices at $101,000 or lower
pressures are under control, according to Yahoo Finance
Meanwhile, the S&P 500 index has climbed to its highest level in over four months.S&P 500 futures (left) vs
Source: TradingView / CointelegraphBitcoin bulls view these stock market gains as an early signal that investors currently in short-term
government bonds may soon pivot toward riskier assets in search of higher returns
This thesis is reinforced as analysts project a modest 5% S&P 500 revenue growth for 2025.Therefore, even if central banks refrain from
eyes summer rallyBitcoin bulls will have an edge if BTC price passes $90,000Below are five probable scenarios based on current price trends
These outcomes estimate theoretical profits based on open interest imbalances but exclude complex strategies, such as selling put options to
gain upside price exposure.Between $100,000 and $101,500: $1.74 billion calls vs
$1.75 billion puts, a balanced result.Between $101,500 and $102,500: $1.86 billion calls vs
$1.62 billion puts, favoring calls by $235 million.Between $102,500 and $104,500: $1.93 billion calls vs
$1.18 billion puts, favoring calls by $750 million.Between $104,500 and $106,000: $2.47 billion calls vs
$1.06 billion puts, favoring calls by $1.41 billion.Between $106,000 and $108,000: $2.84 billion calls vs
$750 million puts, favoring calls by $2.1 billion.To minimize losses, bears must force Bitcoin below $101,500 by Friday, a 5% decline from
On the other hand, bulls can strengthen their position by keeping the price above $106,000, potentially setting the stage for a July rally,
especially if spot Bitcoin exchange-traded funds (ETFs) inflows persist.This article is for general information purposes and is not intended
to be and should not be taken as legal or investment advice
