Why the options boom is changing what investors actually buy

Bitcoin dropped below $60,000 by mid-June after a punishing start to the month, but the figure drawing the most attention across trading desks is the June 26 Bitcoin options expiry, with over $10 billion of contracts set to expire and roughly 80% currently sitting out of the money. Chart showing the open interest for Bitcoin options on Deribit by expiry date on June 18, 2026 (Source: CoinGlass) In equity markets, zer…