Bitcoin Options Insights 📊
📈 Is the market still expecting Bitcoin to dip in September?
1️⃣ Open Interest: Calls dominate with 172k contracts vs. 83k for puts, signaling bullish sentiment. The Put/Call ratio is 0.49, indicating more open interest in calls (calls > puts).
2️⃣ Volume: Over the past 24 hours, put volume slightly outpaced calls (8,855 puts vs. 7,714 calls)—an interesting contrast to open interest.
3️⃣ Strike Price: Calls are heavily concentrated around $70k-$90k, while puts are focused between $50k-$57k.