
Bitcoin Traders Rush to Puts as Fear Grips Market Before June Expiry
Bitcoin put options now dominate over 60% of options volume, signaling a return to fear levels last seen during the 2023 bear market. Friday’s expiry saw $2.2 billion in BTC options lapse with a bearish put/call ratio of 1.24, sparking notable price instability. Despite elevated market fear, Bitcoin rebounded quickly after dipping below $80,000, showing…