Markets· ★★★· neutral·

Bybit and Glassnode: Bitcoin options are growing in the derivatives market mix

  • Bitcoin options' share of derivatives is growing through 2026
  • Glassnode expanded its options metrics from 10 to 40 in Q4 2025
  • The metrics cover Bybit, Deribit, and OKX: open interest, premiums, and gamma exposure
  • Bybit serves more than 80 million users across spot and derivatives markets
Why it matters: The shift of liquidity into options changes hedging structure and can amplify or dampen BTC price moves around major strikes.
Source: Crypto Briefing