Author Topic: As Bitcoin's halving event fast approaches, options traders are beginning to act  (Read 307 times)

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The options market was flooded with liquidity for March 2020, revealing traders’ views that Bitcoin’s halving event would have little effect on price action. But after these options expired, open interest swiftly moved to June 2020 options.

Now, data show the options market is actively placing bets on the outcome of Bitcoin’s halving event.



Key Takeaways

The Bitcoin options market was initially dismissive of the upcoming halving, as open interest was negligible for May and June 2020 options. This changed after March options expired.

A comparison of April and June options contracts shows an abundance of highly speculative activity for June, post-Bitcoin’s next halving.

Most activity in June is taking place in calls, as bears meet the demands set by bulls.