Bitcoin Faces ‘Shift’ as Options Market Confronts Downturn: Author – CFR

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AMBCrypto – Bitcoin Options contracts worth over $1.7 billion expired on 26 June. Deribit BTC Options held close to $1.3 billion of the total contracts, but with Bitcoin’s volatility preceding the expiry date, users did not expect huge price swings following the expiry.  Before yesterday’s expiry, the Options market did not note any bearish strength. Now, according to an update from Deribit’s Tony Stewart, even though post expiry Bitcoin’s price did not register any major changes, volatility flows were active and bearish bias was evident for spot markets as sellers continued to be active. 

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