According to reports, Bitcoin traders are investing heavily in downside protection as the June 26 options expiry approaches. Total open interest for the expiry is near $3.92 billion. Put options outnumber call options, indicating a demand for protection against potential price drops. A significant concentration of put open interest lies between $75,000 and $85,000, suggesting traders are hedging against downside risk. The $95,000 strike price is seen as the most neutral outcome for the June expiry, influencing traders' decisions on upside exposure and downside insurance. Implied volatility appears calm, but downside protection trades at a premium, reflecting the cost of insuring against potential price declines.

According to reports, Bitcoin traders are investing heavily in downside protection as the June 26 options expiry approaches. Total open interest for the expiry is near $3.92 billion. Put options outnumber call options, indicating a demand for protection against potential price drops. A significant concentration of put open interest lies between $75,000 and $85,000, suggesting traders are hedging against downside risk. The $95,000 strike price is seen as the most neutral outcome for the June expiry, influencing traders' decisions on upside exposure and downside insurance. Implied volatility appears calm, but downside protection trades at a premium, reflecting the cost of insuring against potential price declines.