Bitcoin options open interest rises to $40.3B, demand shifts to $74,000 puts
- —BTC options OI at $40.32B, up 1.46% in 24 hours
- —Calls account for 61.49% of OI, puts for 38.51%
- —Puts rose to 48.15% of daily trading volume
- —Highest trading volume was in $74,000 puts (September 18, Deribit)
Why it matters: The growing share of puts in short-term trading points to hedging against downside risk ahead of the September 18 expiry.
Source: TokenPost