$80K Bitcoin Put Becomes Most Traded Options Contract
The BTC options market is showing increased bearish sentiment, with the $80,000 put emerging as the most popular contract on Deribit. Open interest for the $80K put sits at just over $2 billion, ahead of the $85,000 put at $1.97 billion. The $140,000 call has declined to $1.56 billion in open interest.
The $80,000 put reflects a bet that bitcoin’s price will fall below that level. In options markets, put buyers are typically bearish, while call buyers are considered bullish.
Share this content:
