June 23 (Cointime) - The volume of Bitcoin options reached a three-month high on June 21, with 67,000 Bitcoin involved in contracts. Analyst Alessio Urban attributes the recent surge in Bitcoin to $30,000 to a significant increase in the $30,000 strike price. The total worth of open-interest contracts was $10.8 billion, indicating strong market performance.
An upcoming options expiration worth over $4.3 billion at the end of June is expected to have a significant impact on Bitcoin's market activity, with a put-to-call ratio of 0.5 and a max pain price of $25,000.
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