Bitcoin $60,000 put option Tops Deribit Open Interest

The $60,000 Bitcoin put option on Deribit has grown into a top trade, with notional open interest of $1.17 billion. Previously the $70,000 call and the $72,000 call each held about $2.5 billion in notional open interest, but those levels declined to $943 million and $888 million respectively. Bitcoin briefly fell below $60,000 late last month before recovering to around $63,000 and higher in recent days.

Notional open interest in bitcoin options is the dollar value of the number of active contracts outstanding on an exchange, and one contract represents one BTC. The chart in the article shows the distribution of that notional open interest across different strike prices and expiry dates, illustrating where dollar-value concentrations of open positions sit across strikes and expiries.

The $60,000 put option on Deribit is recorded with notional open interest of $1.17 billion. Previously, the $70,000 call and the $72,000 call each held about $2.5 billion in notional open interest. Subsequent data show notional open interest on the $70,000 call declined to $943 million and on the $72,000 call to $888 million.

All figures are presented as dollar values on the chart and correspond to the number of active contracts converted to USD using one contract equals one BTC.

Bitcoin fell below $60,000 late last month and then recovered to around $63,000 and higher in recent days, a price trajectory reported in the article alongside the emergence of the $60,000 put option as a notable position in options market activity and referenced in the article’s market context.

The article records July’s median return for Bitcoin at 8.61%, and separately notes that the price was up 8.9% for the month, presenting both the historical median and the actual monthly performance side by side within the article’s seasonality statistics.

August’s median return is reported as -7.51%, and the article lists these seasonality statistics together with the option open-interest figures discussed elsewhere in the piece.

The $60,000 Bitcoin put option on Deribit is noted with notional open interest of $1.17 billion, marking its prominence in the options market. Notional open interest on the $70,000 call and the $72,000 call, previously each about $2.5 billion, fell to $943 million and $888 million respectively, showing shifts across strike prices. The article frames these details in a cautious, bearish tone.