Bitcoin options: open interest at $1.75B, put/call at 0.78 — calls dominate
- —BTC options open interest — 22,529 contracts worth $17.53 billion
- —Put/call by open interest — 0.78, by daily volume — 0.80
- —Max pain — $77,500, large open interest in $74,000 puts
- —Largest open interest across all expiries — in $80,000 calls
Why it matters: The dominance of calls and concentration of open interest in $74,000 puts point to expectations of gains with protection against a pullback.
Source: TokenPost