Traders Buy Bitcoin $20,000 Puts, Exposing $596M Ahead of Quarterly Expiry.
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Traders Buy Bitcoin $20,000 Puts, Exposing $596M Ahead of Quarterly Expiry.

19 March, 2026.Crypto.3 sources

Key Takeaways

  • $20,000 put is the third-most popular strike ahead of quarterly expiry, $596 million.
  • Major positions exist at $75,000 and $125,000 strikes.
  • Flows point to volatility strategies; exposure reflects tail-risk insurance, not crash bets.

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