Bearish options made up 53.5% of Bitcoin's options volume this week
- —Bearish options made up 53.5% of Bitcoin's weekly options volume
- —BTC fell 7.3% from $86,728 to $80,394 on October 8, trading at $83,500–83,750 by October 12
- —Put-to-call ratio for the October 16 expiry hit 1.43
- —Total BTC options open interest stands at $37–37.45 billion, with calls at about 60%
Why it matters: The cluster of puts at $76,000–80,000 strikes will be a key reference point into the October 16 expiry and signals institutional demand for downside protection.
Source: Crypto Briefing