Bulls dominate as Bitcoin options open interest soars to $63B

Bitcoin options open interest reached a record $63 billion, with bullish strike prices at $120,000 to $140,000 dominating.

Bitcoin derivatives markets are signaling new bullishness with Bitcoin options open interest (OI) at a record high of $63 billion, dominated by higher strike prices, according to Coinglass.

OI also hit an all-time high of $50 billion on crypto options exchange Deribit, “with puts at $100K gaining traction,” reported the Coinbase-owned derivatives platform on Thursday. 

Deribit is the world’s largest crypto options exchange, with around 80% of the total OI. Open interest refers to the number or value of all outstanding options contracts that have yet to expire or be settled.

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