Will Bitcoin bulls or bears benefit from this week’s $9.25B BTC options expiry?
The Bitcoin halving hype has long passed, and this month’s massive options expiry provides insight into the future of the current BTC bull market.
A total of $9.25 billion in Bitcoin options is set to expire on the morning of June 28. June’s monthly expiry is especially important given that it marks the end of the first half of 2024 and historically is the second largest expiry in every market, including the traditional finance industry. Investors are especially concerned after the $3 trillion tech giant NVidia traded down 12% since its all-time high on June 20.

Recent pressure on Bitcoin gave bears a potential $430 million advantage