Bitcoin options near 60% of derivatives open interest as market shifts to risk management
- —Options make up nearly 60% of BTC derivatives open interest, up from 50% earlier this year
- —Total Bitcoin derivatives open interest is about $129 billion
- —Options account for roughly $76 billion of that open interest
- —Spot ETF options contribute $36 billion, with $35 billion in BlackRock's IBIT
Why it matters: The shift toward options signals that traders are hedging volatility rather than piling into directional leverage, which could dampen Bitcoin's price swings.
Source: Bit2Me News