Bitcoin $40,000 Put Builds Into Second-Largest Options Position Ahead of Feb. 27 Expiry
Bitcoin traders are stacking downside protection ahead of next week’s February 27 options expiry, with open interest growing at lower strikes after a drawdown from last year’s highs. In particular, the $40,000 put option has grown into the second-largest strike by open interest, signaling heavy demand for insurance-style positioning as the market heads into month-end settlement.
2026-02-20 00:45:00
