From Yahoo Finance: 2025-06-21 12:59:00

Bitcoin and ether traders are preparing for potential downside volatility over the summer using a 25-delta risk reversal strategy. Data from Deribit and Amberdata show a preference for put options, indicating a hedging of long positions to protect against price declines.

The nervousness is evident in Paradigm’s top five BTC trades for the week, including a put spread and bearish risk reversal. Bitcoin has been trading above $100,000 for over 40 days, with profit-taking and miner selling counteracting spot ETF uptake, leaving prices directionless.

BTC closed below the 50-day simple moving average for the first time since mid-April, potentially leading to more chart-driven selling and a drop below $100,000. However, some observers anticipate a rally to new record highs, with on-balance volume indicating strong buying pressure that could push prices to $130,000-$135,000 by the end of the third quarter.



Read more at Yahoo Finance: What Are Savvy Bitcoin and Ether Traders Preparing For as Summer Approaches?