$80K Bitcoin Put Becomes Most Popular Options Bet
The BTC options market continues to show a bearish tilt, with the $80,000 put emerging as the most popular bet on Deribit. The contract now holds just over $2 billion in open interest, surpassing the $85,000 put at $1.97 billion. Meanwhile, the $140,000 call has fallen to $1.56 billion in open interest.
The $80,000 put reflects traders betting that bitcoin’s spot price will drop below that level. In options terminology, put buyers are considered bearish, while call buyers are bullish on the underlying asset.
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