COINDESK: BITCOIN, ETHEREUM, CRYPTO NEWS AND PRICE DATA·CRYPTO·
Bitcoin's June downturn leaves $8.6 billion in options out of the money
As reported by CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Only 20% of June 26 options open interest is currently in the money, while bitcoin's 12% monthly decline leaves most bullish positions underwater.
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Bitcoin's recent June downturn has resulted in a significant loss for options traders. Approximately $8.6 billion in Bitcoin options are now out of the money, with only 20% of the June 26 open interest remaining profitable. This 12% monthly decline has put most bullish positions…
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