585M

A total of 53,400 Bitcoin (BTC) options are set to expiry on Friday. At first sight, bulls appear to lead as the $2.1-billion open interest call (buy) to put (sell) options ratio stands at 1.32, favoring the neutral-to-bullish derivatives.However, after Bitcoin dropped 33% in May, the right to acquire BTC at $46,000 and above is essentially worthless since there is less than 38 … [Read more...] about Bitcoin bears dominate Friday’s $2.1B BTC options expiry with a $585M lead