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

Odaily Planet Daily 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. The second-ranked is the $70,000 call option, with an open contract of more than $800 million. Call options account for more than 50% of Deribit's total open contracts of $14.15 billion in BTC options.

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 begins to prefer call options rather than put protection. The current position indicates that the market is likely to rebound support after the election." Polymarket has only a 15% probability that Bitcoin will rise to $100,000 by the end of the year. (Coindesk)