Bitcoin Traders Target $20K Bitcoin Strike as Deep Out of the Money Options Gain Traction
Deep out-of-the-money (OTM) bitcoin (BTC) put options are lighting up at longer expirations, as traders pick up cheap lottery tickets for potential moonshot payoffs if BTC swings wild. On leading crypto options exchange Deribit, the $20,000 strike put is the second most popular of the June 2026 expiration options, boasting a notional open interest of … Read more