🚀 As we inch closer to the Bitcoin halving event, traders are on high alert. Historically, halving events have sparked bullish sentiments, but some analysts warn against overly simplistic expectations. 🧐

Miners, the backbone of the Bitcoin ecosystem, often hold onto their coins, especially when they smell a bull market. This tightens the supply, potentially driving prices up. 💰

Meanwhile, the options market is buzzing. Call options are dominating, with bullish positions outnumbering bearish ones threefold at Deribit. Some are even aiming as high as $140,000 and $200,000 for the June 28 expiry. 🎯

However, Bitcoin's recent performance has caught bears off guard, making bearish scenarios linked to the halving increasingly unlikely.

So, will the halving trigger a "death spiral" for Bitcoin options? Past speculations have been debunked, and the market seems to lean towards neutral-to-bullish strategies.

What's your take? Share your thoughts in the comments! 👇