The options market is hot: BTC and ETH open interest hit a record high!

According to Coinglass data, the total open interest of Bitcoin (BTC) options on the entire network reached a staggering $19.69 billion, and the open interest of Ethereum (ETH) options was not to be outdone, reaching $4.973 billion. This data not only reflects the market's activity, but also implies investors' expectations for future price fluctuations.

The BTC options market shows strong buying interest, or confidence in its subsequent performance. And ETH's open interest also shows that investors' attention to these two major crypto assets is increasing.

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