Bitcoin Options Show Bullish Open Interest as Put Demand Signals Near-Term Caution

Bitcoin (BTC) options data on Saturday pointed to a market split between medium-term optimism and short-term caution, with positioning still skewed toward upside exposure even as near-term trading leaned defensive. The divergence suggests traders are keeping a bullish core view while actively hedging against near-term volatility.

As of 1:41 a.m. ET on Aug. 9, data compiled by Coinglass showed total Bitcoin options ‘open interest’ (OI) at $25.34075 billion, down 0.63% from the prior day’s $25.5012 billion. Total options volume over the period was approximately $775.91 million.

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