The future of the Bitcoin price seems uncertain at the moment.
For many investors, the future is now. Over 100,000 Bitcoin options expire at the end of June.
Compared to previous months, this one enjoys a very high open interest rate on Bitcoin options. Open interest is contracts to buy or sell Bitcoin at fixed prices on future dates.
The number of open contracts has reached record levels in the last few months, with investors actively betting on whether the price of the currency will fall or rise. Over the past month, the number of contracts about to expire has risen to a record high.
It is not clear how this will affect the price of Bitcoin, as recent spikes in open interest have not significantly affected the price.
The durability of the $ 9,000 support will give traders a good opportunity to bet against it.