Bitcoin options open interest rises to $74.1 billion, surpassing futures open interest for the first time

Odaily News According to data, the total open interest of Bitcoin options increased to approximately $74.1 billion in mid-January, surpassing the total open interest of Bitcoin futures, which was about $65.22 billion, for the first time. Analysis indicates that when options open interest exceeds futures, it typically signals that the market is shifting from simple directional leverage towards more structured risk exposures, such as hedging, yield strategies, and volatility positions. Additionally, data from Checkonchain shows a sharp decline in options open interest at the end of December last year, followed by a rebuild in early January, which aligns with the market's pattern of rebuilding risk exposure after major expiration dates. In contrast, the change in futures open interest during the same period was more stable. (CryptoSlate)