Deribit Bitcoin options open interest reaches record high of $15 billion in past 24 hours

According to data from Deribit, in the past 24 hours, the open contracts of Bitcoin options on Deribit have reached a historic high of over $15 billion, indicating higher liquidity and more market participants. Deribit's Chief Commercial Officer, Luuk Strijers, said, "The total amount of open contracts for Bitcoin options has exceeded that of Bitcoin futures for the first time, marking the maturity and increasing maturity of the market." Although higher open contracts may indicate greater interest in specific assets and increased market activity, it cannot provide information on market direction or general sentiment of bullish or bearish.