Bitcoin Options Activity Signals Cautious Optimism

The post Bitcoin Options Activity Signals Cautious Optimism appeared first on Coinpedia Fintech News

On May 1, 2024, the total BTC options open interest is notably high at $17.09B, despite Bitcoin’s drop to $57,660. The market shows a preference for calls over puts, with 66.25% of open interests being calls, indicating a cautiously optimistic sentiment. This sentiment is supported by the last 24H trading volumes, where calls also led puts, representing 52.25% of the volume. This reinforces a trend of expecting upward movement in Bitcoin prices.