Bitcoin (BTC) options positioning held broadly steady on Wednesday, but short-term flow tilted defensively as traders concentrated activity in put contracts around the $70,000 strike—an indication that hedging demand remains elevated even as broader positioning still leans bullish.
As of 12:00 a.m. ET on May 28, data compiled by Coinglass showed total Bitcoin options ‘open interest’ (OI)—the notional value of outstanding contracts—at about $37.565 billion, up roughly 0.1% from the prior day’s $37.54 billion. Calls accounted for 57% of open interest versus 43% for puts, suggesting the… Read more
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The City of Roswell, New Mexico, the small town synonymous with the 1947 Unidentified Flying Object (UFO) incident, now sits on a modest Bitcoin (BTC)
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