coin-img-ETHETH+1.85%coin-img-BTCBTC+1.53%coin-img-SOLSOL+5.24%coin-img-USDCUSDC+0.02%coin-img-XRPXRP+1.00%coin-img-TRXTRX+1.18%coin-img-DOGEDOGE+0.52%coin-img-SUISUI+0.11%coin-img-ETHETH+1.85%coin-img-BTCBTC+1.53%coin-img-SOLSOL+5.24%coin-img-USDCUSDC+0.02%coin-img-XRPXRP+1.00%coin-img-TRXTRX+1.18%coin-img-DOGEDOGE+0.52%coin-img-SUISUI+0.11%coin-img-ETHETH+1.85%coin-img-BTCBTC+1.53%coin-img-SOLSOL+5.24%coin-img-USDCUSDC+0.02%coin-img-XRPXRP+1.00%coin-img-TRXTRX+1.18%coin-img-DOGEDOGE+0.52%coin-img-SUISUI+0.11%coin-img-ETHETH+1.85%coin-img-BTCBTC+1.53%coin-img-SOLSOL+5.24%coin-img-USDCUSDC+0.02%coin-img-XRPXRP+1.00%coin-img-TRXTRX+1.18%coin-img-DOGEDOGE+0.52%coin-img-SUISUI+0.11%
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Jamie Redman

Bitcoin options traders pile into $120,000 strike calls through December 2026

Bitcoin traded at $64,159 at 6:45 p.m. Eastern time on Saturday as derivatives positioning pointed to retrenchment and a shift in bets. CME bitcoin options open interest, measured in dollar terms, has slid from a peak near $290 million in late November to roughly $30 million to $40 million by mid June, according to Cryptoquant data. The pullback suggests traders have reduced exposure while repositioning around longer-dated strikes into 2026.
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