Bitcoin options open interest rises to $40.1B as put volume leads trading
- —BTC options OI at $40.1B, up 3.15% day over day
- —Calls make up 58.7% of OI, puts 41.3%
- —Puts account for 59.46% of daily volume, calls 40.54%
- —Top volume contract is the $74K put expiring Nov 13 on Deribit
Why it matters: The gap between accumulated calls and heavy put volume points to medium-term bullish positioning paired with short-term downside hedging.
Source: TokenPost