Published: June 3, 2026 โข 6:43 PM IST ยท Updated: June 4, 2026 โข 1:07 AM ISTBy TheBriefWire Editorial Team
Key points
For the first time in weeks, options volumes in key crypto equities like the iShares Bitcoin Trust (IBIT) and Michael Saylor's Strateg y are shifting bearish, with put volumes outpacing calls on Tuesday, and more calls being sold than bought in MSTR and IBIT.
In Strategy, almost 100,000 puts were likely bought, compared to under 37,000 calls, ThinkOrSwim data show.
The most popular contract by volume according to SpotGamma: the 100-strike put expiring June 18 โ a bet on new year-to-date lows..
The sentiment also extended to options on crypto exchange Coinbase, where more than twice as many calls were sold as were bought on Tuesday.
While it's hard to pinpoint one cause for recent crypto weakness, investors point to several possible reasons: Strategy selling its first bitcoin in four years on Monday, investors making room for upcoming IPOs, or even the growing popularity of alternative trading derivatives like 0-day...