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Bitcoin Options

Bitcoin options are derivative contracts that give the buyer the right, but not the obligation, to buy or sell Bitcoin at a specified price on or before a certain date. They are used for speculation and hedging in the cryptocurrency market.

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Bitcoin Options Market Faces Steep Losses as June Downturn Wipes Out Bullish Bets

By Owais Farooq • 4 hours ago
Bitcoin Options Market Faces Steep Losses as June Downturn Wipes Out Bullish Bets

Bitcoin's significant price drop in June has rendered a vast majority of open options contracts unprofitable, leaving over $8.6 billion of potential gains underwater and signaling a bearish sentiment in the derivatives market.

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