🌎 $6.7 Billion USD to be Settled in $BTC

BTC Options Market at End of Q2

**MARKETS**

As we approach the end of the second quarter, the BTC options market is buzzing with activity. A staggering $6.7 billion USD worth of BTC options contracts are set to settle by June 28th, according to data from Deribit (https://metrics.deribit.com/options/BTC).

Currently, the Max Pain Price stands at $57k, which is crucial for traders to watch. Notably, a large number of Call contracts (options to buy BTC) will be worthless if BTC stays below $65k by the settlement date. This situation raises questions about whether the current BTC price suppression is a strategic move by market whales.

With bears seemingly in control, it remains to be seen if this trend will shift soon.

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Is this a tactical play by the whales, or will the bulls make a comeback? Stay tuned as we navigate through the last week of Q2.