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Bitcoin options traders favor $120K strike through Dec 2026 amid market repositioning.

Market News
20 Jun 2026
Bitcoin
View Source
Bullish
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Bitcoin options open interest on CME has dropped significantly from $290M in November to around $30-40M by June 2026, with traders focusing on near-term contracts. Futures open interest remains strong, led by Binance and CME, while Deribit shows more call options than puts, indicating bullish longer-term sentiment. Max pain levels suggest traders expect Bitcoin to rise to around $75,000 by late 2026. Overall, despite a smaller options market, traders are positioning for a Bitcoin price recovery later this year.

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