Bitcoin Traders Stack $4.5 Billion in Calls as $95K Bets Take Shape

Bitcoin’s options market is sending a curious message. With bitcoin trading above $82,000, calls account for 60.24% of outstanding options interest, while a massive 25,030.6 BTC position sits at Deribit’s $95,000 strike for Oct. 30. Meanwhile, futures open interest stands at $51.7 billion, and options max pain levels point toward considerably lower prices. Traders are positioning for higher valuations, but the derivatives market tells a more complicated story. Bitcoin traders have their sights on $95,000, but the options market has a rather different number in mind. As of Oct.

Source: Bitcoin.com News