BTC Analysis: $80K Put Now Most Popular Bet
CoinDesk
The $80,000 Bitcoin put option has become the most popular bet on Deribit, surpassing the $85,000 put.Summary
The $80,000 Bitcoin put option has emerged as the most popular options play on the Deribit exchange, reflecting a bearish sentiment that the spot price of Bitcoin will fall below this level. This option now boasts an open interest of just over $2 billion. It recently overtook the $85,000 put, which now holds the second position with $1.97 billion in open interest. This shift follows a previous observation where the $85,000 put surpassed the $140,000 call as the leading bet. Concurrently, the open interest for the $140,000 call, which represents a bullish position, has decreased to $1.56 billion.
(Source：CoinDesk)