
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