Ether options open interest sits at 23% of futures market
- —ETH options open interest is 23.8–24.3% of futures and perpetuals
- —Combined ETH futures and perpetuals open interest is $17.8–18.1 billion
- —Traditional delivery futures account for only about $271–272 million
- —Calls make up 55–60% of ETH options open interest on Deribit
Why it matters: A rising options share would signal hedging, while a falling share alongside climbing futures open interest points to stacking leverage and liquidation risk.
Source: Crypto Briefing