Nearly 40% of BTC option positions to expire on June 25
According to bybt data, on June 25, there will be about 78,200 BTC positions expiring in bitcoin options contracts across the network, accounting for up to 40% of total positions, including 45,200 call positions and 33,000 put positions. Most calls have strike prices above $36,000, while most puts have strike prices below $52,000. That means that most of the long side needs BTC to stay above $36,000 before they can start taking profits, while the short side can take profits at the current price. coinyuppie reminds us to be aware of price fluctuations as we approach the expiration of a large number of bitcoin options positions.