Bitcoin (BTC) options positioning continues to lean bullish over the medium term, but the latest day of trading shows a clear shift toward near-term caution as hedging demand picks up. The divergence suggests traders still see upside potential, while simultaneously paying up for protection against short-term volatility.
As of Friday 01:40 a.m. ET (05:40 UTC), data compiled by CoinGlass showed total Bitcoin options open interest (OI) at $24.61 billion, down roughly 30% from $35.28 billion a day earlier. Reported options trading volume over the same window stood around $3.75 billion.
The OI… Read more







