EddieJayonCrypto
22 May 25
The Bitcoin options market has reached a record $65 billion in open interest as Bitcoin's price climbs toward $112,000. This includes contracts from venues like CME and options linked to BlackRock's spot Bitcoin ETF, which alone accounts for $20 billion. Market data indicates a likely price rally to...
The Bitcoin options market has surged to an unprecedented open interest of approximately $65 billion as Bitcoin's price edges toward $112,000, signaling strong bullish sentiment and anticipation of a price rally to the $116,000-$120,000 range.This record includes contracts from major venues like the Chicago Mercantile Exchange (CME) and a substantial $20 billion from options linked to BlackRock’s spot Bitcoin ETF, highlighting widespread adoption and enthusiasm within the market.Traders predominantly favor out-of-the-money call options, indicating expectations of continued Bitcoin price appreciation, although a slight uptick in bearish bets has been observed recently.On the Deribit exchange—soon to be acquired by Coinbase—call options dominate with $23 billion outstanding versus $13.9 billion in put options, reinforcing a predominantly bullish trader positioning. Over the past month, Bitcoin’s price has surged approximately 23%, recovering from a drop to $74,000 last month to hover around $111,800, representing a 4.2% increase in the last 24 hours alone.Market experts highlight that the widespread participation and high open interest, particularly driven by the BlackRock spot ETF options segment, reflect robust market confidence and are setting the stage for a potential rally toward new price highs.