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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
pluang ai news

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.

More News (BTC)

Bitcoin and Ethereum lead crypto gains despite declining trading volumes, signaling cautious market optimism.

Bitcoin and Ethereum lead crypto gains despite declining trading volumes, signaling cautious market optimism.

Bitcoin and Ethereum spearheaded a broad crypto market rally, with Bitcoin rising to $63,880.92 and Ethereum to $1,731.60. Large-cap altcoins also saw gains, notably Solana with a 4.01% increase. However, the rally was accompanied by declining tradin...

Market News
Bullish
4 hours ago
Bitcoin and Ethereum face volatile markets but some predict massive long-term price surges.

Bitcoin and Ethereum face volatile markets but some predict massive long-term price surges.

Bitcoin is trading around $63,792 and Ethereum near $1,725 amid ongoing market volatility and mixed investor sentiment. Despite current underperformance, bold forecasts suggest Bitcoin could reach between $10 million and $1 billion by 2045 or 2038 re...

Market News
Bullish
8 hours ago
Bitcoin analysts turn bearish, but Cryptoquant CEO remains bullish, predicting a rebound near $70,000.

Bitcoin analysts turn bearish, but Cryptoquant CEO remains bullish, predicting a rebound near $70,000.

Cryptoquant CEO Ki Young Ju highlights a shift among top bitcoin analysts who have turned bearish after Bitcoin's price dropped about $25,000 since the start of 2026. Despite this, he remains one of the few bullish voices, expecting a recovery to aro...

Analyst Insights
Bearish
8 hours ago
Bitcoin rebounds above $64K amid renewed US-Iran peace talks in Switzerland

Bitcoin rebounds above $64K amid renewed US-Iran peace talks in Switzerland

Bitcoin's price climbed back above $64,000 following news that U.S. Vice President JD Vance plans to hold peace talks with Iran in Switzerland. The discussions aim to revive earlier efforts to resolve the Middle East conflict, which had caused market...

Market News
Bullish
10 hours ago
Cryptocurrency prices show mixed movements with Bitcoin above $63,800 and notable gains in Solana and AAVE.

Cryptocurrency prices show mixed movements with Bitcoin above $63,800 and notable gains in Solana and AAVE.

Cryptocurrency markets display varied price changes, with Bitcoin trading above $63,800, up 1.08%, and Ethereum also rising by 1.51%. Solana and AAVE stand out with gains of 3.84% and 3.15% respectively, indicating selective strength in altcoins. Som...

Protocol Fundamentals
Neutral
12 hours ago
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