📢 Heads up, crypto enthusiasts! A whopping $9.25 billion in Bitcoin options is set to expire on June 28th. This is no ordinary expiry, folks! It's the end of H1 2024 and historically, the second largest expiry in all markets. Now, Bitcoin has been under some pressure lately, giving bears a potential $430 million advantage. But don't fret, Bitcoin bulls have some weak macroeconomic data on their side.

Meanwhile, the big players in the June BTC options are Deribit, with a $6.65 billion open interest, followed by CME, OKX, and Binance. The total call and put BTC options for June 28 stand at a hefty $9.25 billion.

But here's the kicker: Bitcoin bulls need to sustain the $60,000 support to avoid a potential $820 million scenario favoring the put options at Deribit. So, grab your popcorn and let's see how this crypto drama unfolds! 🍿