In accordance with BitcoinWorld, Bitcoin options traders are increasingly positioning for long-term volatility by purchasing large volumes of out-of-the-money (OTM) options. Data from Deribit shows over $191 million in open interest for both deep OTM put and call options expiring in June 2026, with strike prices at $20,000 and above $200,000, respectively. This dual strategy suggests a market expectation of significant price swings, rather than a directional bet, as traders prepare for potential major events like regulatory changes or macroeconomic shifts.
Bitcoin Options Traders Bet on Long-Term Volatility with $191M in OTM Positions
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