Bitcoin Options Open Interest Hits $34 Billion as Call Bias Persists

Bitcoin (BTC) options positioning leaned bullish in both the medium and near term on Tuesday, with total open interest rising and call contracts maintaining a clear lead. Still, put activity remained robust, underscoring a market that is pricing upside potential while continuing to hedge against sharp swings.

According to CoinGlass data timestamped at 12:40 a.m. ET on July 29, total Bitcoin options open interest (OI) stood at $34.13 billion, up 2.62% from $33.26 billion a day earlier. Notional options trading volume over the same window was about $3.16 billion, pointing to active short-dated…  Read more

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