Bitcoin options OI falls to $37.9 billion as $80,000 put leads volume

Bitcoin options open interest fell 0.97% to $37.9 billion, while the $80,000 put recorded the highest trading volume. Medium-term positioning remained tilted toward calls, but short-term trading favored downside protection. Bitcoin options positioning showed a bullish tilt over the medium term. By contrast, short-term flows reflected stronger caution over downside volatility. As of Oct. 20, total Bitcoin options open interest stood at $37.9 billion, down 0.97% from $38.27 billion previously. Bitcoin options trading volume totaled about $2.78 billion. Calls accounted for 59.81% of open interest and puts for 40.19%. By trading volume, calls represented 42.64% and puts 57.36%.

Source: TokenPost