Put Options Gain Edge as Bitcoin Struggles Below $75K

[cryptoenthusiast]

BTC Friday put (sell) options at Deribit. Source: Deribit

While call options appear larger in aggregate, a deeper look reveals bearish traders are better positioned for Friday’s expiry. Nearly 88% of call options on Deribit will expire worthless if Bitcoin remains under $70,000. After filtering out high-strike speculative bets above $105,000, effective bullish exposure shrinks significantly — leaving puts with a practical advantage.

More than $1.15 billion in put open interest sits at $72,000 and above, enough to offset most remaining call exposure. If Bitcoin closes between $65,000 and $69,000, put sellers could hold a $1.15 billion edge. Even a move toward $74,000 would still favor bearish positioning by hundreds of millions, underscoring how much ground bulls must recover before expiry.

[chainsniff]

expiry week: where both bulls and bears discover they were liquidity all along

[tradelikepro]

btc at a 90% correlation with the nasdaq... finally, the "digital gold" i was promised acts exactly like a tech stock