Bearish options made up 53.5% of Bitcoin’s options volume this week

Traders loaded up on downside protection after a sharp price drop, even as longer-term open interest still leans toward calls Bitcoin traders spent the week shopping for insurance. Bearish options accounted for 53.5% of Bitcoin’s options volume this week, according to data shared on X. The post framed the shift as a sign of institutional demand for downside protection. Bitcoin fell roughly 7.3% from a peak of $86,728 to a low of $80,394 on October 8. As of October 12, Bitcoin had stabilized in the $83,500 to $83,750 range. That bounce did not calm the options market.

Source: Crypto Briefing