• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

2025-07-25

Historic Crypto Approval = New Bitcoin High Soon

2025-07-22

Altseason Ignites: Bitcoin Inflows, ETH Flip, and Saylor’s Bold Move

2025-07-22

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    2025-07-25

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09
  • Videos

    Historic Crypto Approval = New Bitcoin High Soon

    2025-07-22

    Altseason Ignites: Bitcoin Inflows, ETH Flip, and Saylor’s Bold Move

    2025-07-22

    Salty No-Coiner Hates Bitcoin

    2025-07-22

    Bull Run Kickoff – Bitcoin and Crypto Set to Soar

    2025-07-22

    Something BIG is About To Go Down…Got Bitcoin?

    2025-07-22
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Analysis»Bitcoin options market shows record call open interest and volume
Analysis

Bitcoin options market shows record call open interest and volume

2023-10-26No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Over the past week, Bitcoin (BTC) ‘s price has witnessed a notable surge, sparking heightened activity in the cryptocurrency market. One area that offers unique insights into traders’ sentiments and expectations about this price movement is the options market. We can gauge how traders are positioning themselves in anticipation of future price movements through metrics like open interest, volume, and strike prices.

Options are financial derivatives that give the holder the right, but not the obligation, to buy or sell an underlying asset (in this case, Bitcoin) at a predetermined price on or before a specific date.

Options come in two primary forms: call options, which give the holder the right to buy the underlying asset, and put options, which give the holder the right to sell the underlying asset.

Options open interest represents the total number of outstanding (not yet settled) option contracts in the market. A high OI indicates significant interest in a particular option, suggesting strong sentiment (either bullish or bearish) towards the underlying asset. It provides a sense of the total market exposure or commitment traders have.

The open interest on calls reached an all-time high of $10.86 billion on Oct. 25, growing from $7.58 billion on Oct. 18. During the same period, open interest on puts increased from $3.34 billion to $5.31 billion.

The bullish trend in Bitcoin’s price from Oct. 18 to Oct. 25 was accompanied by increased put and call open interests. This suggests that traders actively participated in the market, with a historically unprecedented bullish expectation and a healthy bearish hedge. This could be due to various reasons, such as anticipated news events and increased volatility, most likely about the upcoming Bitcoin ETF in the U.S.

See also  Trader Issues Warning on Altcoin That’s Up Over 360% Year-to-Date, Updates Outlook on Bitcoin and Pepe
Bitcoin options open interest put call ratio 2021 2023
Graph showing the open interest on Bitcoin put and call options from Feb. 16, 2021, to Oct. 25, 2023 (Source: Glassnode)

The put/call ratio is used to gauge market sentiment as it shows the proportion of puts to calls. A ratio above 1 indicates bearish sentiment (more puts than calls), while a ratio below 1 indicates bullish sentiment (more calls than puts). The increase in the ratio from 0.425 to 0.489 between Oct. 15 and Oct. 25 suggests that while the market remained bullish (since the ratio is still below 1), there was a relative increase in bearish sentiment or hedging activity compared to bullish sentiment.

A similar increase was also seen in the options volume. While open interest represents the cumulative positions traders hold, the volume shows the current activity and liquidity in the market. A sudden spike in volume, especially when accompanied by significant price moves, can indicate strong sentiment and momentum.

From Oct. 18 to Oct. 25, the put/call ratio decreased from 0.538 to 0.475. This indicates a shift towards even more bullish sentiment over this period. The volume of both puts and calls increased significantly, but the call volume saw a more pronounced increase, reaching the largest in Bitcoin’s history, just like the call open interest. The record call volume on Oct. 25 suggests a particularly active and bullish day in the Bitcoin options market.

bitcoin options put:call volume ratio 2021 2023
Graph showing the volume of Bitcoin put and call options from Feb. 16, 2021, to Oct. 25, 2023 (Source: Glassnode)

The high open interest at the $40,000 strike price further supports this bullish sentiment. It indicates that many traders anticipate or hope that Bitcoin will reach or surpass $40,000 by the expiration date of these options. While the high open interest for the $40,000 strike price shows optimism, the increasing put/call ratio we discussed earlier suggests that traders are also hedging against potential downside risks. This means that while many are optimistic about Bitcoin reaching $40,000, they are also preparing for scenarios where it might not. This is evident in the spike of put options at strike prices below $27,000.

See also  $165,000,000 in Ethereum Unstaked in Just 24 Hours As Shapella Upgrade Goes Live
bitcoin options open interest by strike price
Chart showing the options open interest and market value by strike price on Oct. 25, 2023 (Source: CoinGlass)

The rise in both open interest and volume indicates that the options market for Bitcoin is becoming more active and liquid. It also shows a notable rise in interest from institutional and sophisticated traders, as most retail traders rarely stray from spot markets.

The post Bitcoin options market shows record call open interest and volume appeared first on CryptoSlate.

Bitcoin Call Interest market open Options Record Shows Volume
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Historic Crypto Approval = New Bitcoin High Soon

2025-07-22

Altseason Ignites: Bitcoin Inflows, ETH Flip, and Saylor’s Bold Move

2025-07-22

Salty No-Coiner Hates Bitcoin

2025-07-22

Bull Run Kickoff – Bitcoin and Crypto Set to Soar

2025-07-22
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Videos

[LEAKED] Trump Plans on Launching Crypto ETFs

2025-03-24

Today, it was revealed exactly which ETFs Trump Media plans to launch with the crypto…

Regulation

Cash Remains Main Financing Method for Terrorist Groups, Though Use of Crypto Is Rising: Singaporean Government

2024-07-27

The government of Singapore says cash, not crypto, remains the “predominant” method of financing for…

NFT

PUBG Creator Krafton Unveils ‘Overdare’ NFT Game With AI Creation Tools

2023-09-15

South Korean game studio Krafton, maker of the popular battle royale shooter PUBG, announced Thursday…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

2025-07-25

Historic Crypto Approval = New Bitcoin High Soon

2025-07-22

Altseason Ignites: Bitcoin Inflows, ETH Flip, and Saylor’s Bold Move

2025-07-22

Salty No-Coiner Hates Bitcoin

2025-07-22
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 115,733.01
ethereum
Ethereum (ETH) $ 3,628.76
xrp
XRP (XRP) $ 3.04
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 766.84
solana
Solana (SOL) $ 178.21
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.22399
staked-ether
Lido Staked Ether (STETH) $ 3,625.64
tron
TRON (TRX) $ 0.315773
bitcoin
Bitcoin (BTC) $ 115,733.01
ethereum
Ethereum (ETH) $ 3,628.76
xrp
XRP (XRP) $ 3.04
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 766.84
solana
Solana (SOL) $ 178.21
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.22399
staked-ether
Lido Staked Ether (STETH) $ 3,625.64
tron
TRON (TRX) $ 0.315773