Bitcoin and Ether Options Interest Hits Record $23.6B, Led by Bullish Bets on Further Price Rallies
• Deribit's open interest for BTC and ETH options reached record $23.6B • Bitcoin options make up 67% ($16B) while Ether options are 33% ($7.6B) • Options trading allows leveraged bets and hedging of spot/futures exposure • Most interest is in call options, signalling expectations for more upside • Bitcoin and Ether prices have rallied significantly in 2023 so far