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Bitcoin options open interest has surged to a record $65 billion, driven by heightened activity around BlackRock’s spot Bitcoin ETF. Analysts suggest bullish sentiment could push BTC toward $120K as traders favor call options.
- BlackRock's spot Bitcoin ETF options account for $20B in open interest, driving record derivatives activity.
- Analysts predict Bitcoin could rally to $116K–$120K based on current options market positioning.
- Deribit data shows a 2:1 ratio of call-to-put options, reflecting strong bullish sentiment.
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Other Tags: Coinglass, Greg Magadini, CME, IBIT, Amberdata, Block Scholes, Chicago Mercantile Exchange, CoinGecko, Deribit