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BTC derivatives: options approach 60% of reported open interest

An October 21 market-data report puts Bitcoin options at just under 60% of total Bitcoin derivatives open interest last week, up from roughly 50% at the start of the year. As of the preceding Friday, the reported derivatives total was about $129 billion, including roughly $76 billion in options. US Bitcoin ETF options accounted for approximately $36 billion, of which IBIT options represented about $35 billion.

The figures describe outstanding positions, not trading volume or fresh cash inflows. A larger options share does not alone identify bullish bets versus hedging. Watch the composition by strike, expiry and strategy before treating the headline total as a directional signal.

Reported: 10-21 11:16 UTC