Deribit’s open interest in Bitcoin call options at $100,000 upside hits nearly $1 billion

Odaily Odaily News According to Deribit Metrics data, as of the time of writing, the total dollar value of active call option contracts with a strike price of $100,000 has exceeded $993 million, the highest of all Bitcoin options launched on the trading platform. Ranked second is the $70,000 call option, with an open interest of more than $800 million. Call options account for more than 50% of Deribit's total $14.15 billion BTC options open interest. Wintermute OTC trader Jake Ostrovskis said, "The volatility surface shows that the market tends to go down before the end of October/November, but then began to prefer call options rather than put protection. Current positions suggest that the market is likely to rebound after the election. Support." The probability of Bitcoin's price rising to $100,000 by the end of the year on Polymarket is only 15%. (Coindesk)