According to ChainCatcher, CoinDesk reported that the open interest (OI) of BlackRock's Bitcoin spot exchange-traded fund IBIT once rose to $27.61 billion, surpassing the $26.9 billion size of the Deribit Bitcoin options market for the first time. Analysts believe that this milestone indicates that the institutionalization process of the US Bitcoin market is accelerating.
According to Volmex data, the open interest in IBIT call options indicates that these call options primarily anticipate Bitcoin trading at $109,709, approximately 41% higher than the current market price of $77,400. Furthermore, the average expiration date of IBIT options is about two months longer than that of Deribit, suggesting stronger bullish sentiment and a longer-term holding preference.
