“Right ahead of the halving, you have notable open interest in the $60,000 put expiring a day before the event, whereas month-end is a bit more spread out,” Simranjeet Singh, a trader at the crypto trading firm and liquidity provider GSR, told CoinDesk. “I guess some traders may want to fade the move in the short term, similar to the ETF event, until we reach a nice consolidation level for another leg higher.”
