Quick Take
A remarkable shift is afoot in the Bitcoin options and futures markets. For the first time since March, options open interest overtook futures open interest, showcasing an intriguing dynamic in the Bitcoin trading arena. Although this trend briefly reversed, the options market has seen robust expansion since July, while the futures market has largely plateaued.
Currently, options open interest harbors approximately 411,000 BTC, with futures open interest trailing closely at around 400,000 BTC. CryptoSlate’s analysis of exchange-level data from CME indicates a growing institutional interest underpinning this trend.
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