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Bitcoin options see rising put demand near $70K as traders hedge short-term downside risk.

Market News
27 May 2026
Tokenpost
View Source
Neutral
pluang ai news

Bitcoin options open interest remains steady near $37.6 billion, with calls dominating overall exposure at 57%. However, recent trading volume shows a slight edge for puts, especially near the $70,000 strike expiring in June, indicating traders are buying short-term downside protection. This suggests a cautious market stance balancing near-term risk hedging with longer-term bullish optimism, as evidenced by large call positions at higher strikes expiring later in the year. The activity reflects expectations of potential volatility or choppy price action rather than a clear directional move.

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