Data shows the Bitcoin-denominated Options Open Interest has witnessed a sharp surge recently and set a new all-time high (ATH).

Bitcoin Options Trend Suggests Investors Repositioning Amid Downtrend

According to the latest weekly report from Glassnode , the recent market volatility has brought with it fresh activity on the options market . Options are one of the ways derivatives traders bet on future Bitcoin price action. An options contract grants the investor the right (but not the obligation) to buy or sell the cryptocurrency at a set price on or before a pre-set date. Bullish options bets are known as “calls,” while bearish ones as “puts.”

In the past, futures trading dominated the BTC derivatives market, but in recent times, options have gained popularity and now rival futu

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