Strategy June-30 Bitcoin-Sale Contract Bounces to 72.5¢ as May Deadline Fades
Strategy's June-30 Bitcoin-sale contract sits at 72.5¢ as of Sunday morning, up 5.15 points in 24 hours, as the May-31 deadline enters its final hours and traders rotate their sale thesis forward.
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Strategy's June-30 Bitcoin-sale contract recovered to 72.5¢ at 04:43 UTC Sunday — up 5.15 points in 24 hours, bouncing off a session low of 64.8¢ — after slipping from the 73¢ level Orakll covered Thursday. With the May-31 companion deadline now in its final hours, traders appear to be concentrating forward-looking sale conviction in the June 30 window. The contract has pulled $277k in 24-hour volume against $5.1m total traded since inception, swinging through a 64.8–75.9¢ intraday range.
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