Following the return of Bitcoin to the vicinity of approximately $62,000, the defensive position of the options market began to increase. The latest movement shows that some traders are continuing to drop their bets by short term, with the expiry dates concentrated in late June to the end of July.

I'll see if I can get more space.

The BTC, which had expired in recent months, was mentioned in the report as having been warming this month, and implementing prices were moving downwards, reflecting a more cautious market against subsequent trends. The name-called slots are concentrated between 22 June and 31 July.

  • Due June 22nd, US$ 61,500 drop options approximately 337
  • Due on 3 July, approximately US$ 60,000 116 copies and US$ 55,000 approximately 380 copies
  • Due on 10 July and 31 July, approximately $55,000 540 copies and $52,000 approximately 314 copies

In terms of the distribution of warehouse slots, the market is not just slashing short-line fluctuations, but also has the funds to keep the bottom zone between $55,000 and $52,000.

Execute price moving down

It was reported that, as of 22 June, the implementation price of the associated downright had moved downwards every week. This usually means that traders are willing to pay for a deeper drop in protection and that the market is not optimistic about the strength of current prices.

Against the background of the pressure on spot prices, the increase in options for falling prices often implies a decrease in risk preferences. For some agencies and large silos, such slots may be either directional bets or protection of spot openings.

Strategy Stock Price Synchronized Pressure

The report also mentions that stock prices have fallen by over 30 per cent since this year and are close to 52 weeks down. As the company ' s asset allocation is highly correlated with Bitcoin prices, the BTC, if it continues to fall, will magnify the market ' s concerns about its valuation and holding risk.

The article also refers to the long-term view of the company that the book pressure on Strategy could continue to rise if Bitco fell further to the $52,000 zone.