Bitcoin Options Open Interest Set for New All-Time Highs, Reports Glassnode

The Bitcoin options Open Interest has recently increased and is approaching new all-time highs, according to Glassnode. This comes after a decline due to contract expiries on October 31st.

  • Bitcoin options allow traders to bet on future price moves through contracts.
  • The options Open Interest quickly rebounded after a recent expiry, indicating sustained demand.
  • A pattern of recovery and reaching new records has been observed post-expiry.

Bitcoin Options OI

Trading volume in the options market surged as Bitcoin's price fell below $107,000, showing active trader engagement in adjusting positions.

Options volume has remained elevated, with traders readjusting their positions and new traders entering the market.

  • Initially, bearish bets ('puts') rose during the price drop, but bullish bets ('calls') increased as the price rebounded.
  • Currently, 'puts' are rising again, suggesting skepticism about a price bottom.

Bitcoin Put/Call Ratio

BTC Price

Bitcoin's price has retraced to $100,900 following a recent recovery.

Bitcoin Price Chart