The Bitcoin options market has seen a significant rise in open interest, with bullish strike prices between $120,000 and $140,000 taking center stage amid strong demand.
Bitcoin options open interest has surged to a record $63 billion, driven by a dominant presence of bullish strike prices ranging from $120,000 to $140,000. This surge reflects growing optimism and increased demand within the options market, even as the cryptocurrency market remains volatile. The market continues to see diverse strategies beyond simple directional bets, with a clear focus on volatility and timing plays.