Bitcoin (BTC) options ‘open interest’ has fallen sharply in recent days, signaling a notable cooling in outstanding leveraged positioning even as the market’s longer-dated bias remains tilted toward calls. At the same time, put options have climbed to the top of the volume rankings, suggesting traders are increasingly paying for near-term downside protection.
As of Sunday 01:00 ET (05:00 UTC), data compiled by Coinglass showed total BTC options open interest at $32.64 billion. While that marked a 1.78% increase from the prior day’s $32.07 billion, open interest has remained materially lower… Read more






