Bitcoin Options Open Interest Share Rises to Nearly 60%, Market Shifts Toward Greater Focus on Risk Management

Odaily reports: Volmex, the issuer of the Bitcoin volatility index BVIV, stated that last week the proportion of Bitcoin options open interest to total Bitcoin derivatives open interest was slightly below 60%, up from around 50% at the beginning of the year, as market focus is shifting from pure price-direction bets toward risk management. As of last Friday, the total open interest in the Bitcoin derivatives market was approximately $129 billion, of which US Bitcoin ETF-related options accounted for about $36 billion, and BlackRock IBIT options accounted for about $35 billion; including options on native crypto platforms, the Bitcoin options market size is approximately $76 billion. (CoinDesk)