The Bitcoin call options contracts open than put options

This results in a put/call ratio of 0.72, signaling that more traders are betting on a rise in BTC prices in the near future.

The latest data from derivatives exchange CME shows that Bitcoin (BTC) call options contracts open greater than put options.

At the moment, the volume of call open interest is 11,873.52 contracts, much higher than put open interest which is at 8,594.58 contracts. This results in a put/call ratio of 0.72.

The high volume of call contracts signals that more traders are betting on a rise in BTC prices in the near future. However, despite this optimism, the large volume of put contracts in the $75,000-$85,000 price range suggests a hedging strategy.

Open Interest and Market Volatility Analysis

Open Interest Positions and Their Impact on the Market

Open Interest on Bitcoin futures contracts on the Chicago Mercantile Exchange (CME) has shown a steady increase over the past few months. Its peak coincided with BTC’s record high of $105,000.

However, after the price corrected to $80,000, the Open Interest also decreased, indicating less speculative activity.

Most Bitcoin contracts expire within the next one to three months. Historically, this period often triggers high volatility, especially if traders begin to roll over or close their positions.

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Bitcoin Price Trends and Technical Indicators

Currently, Bitcoin is trading at around $84,210, having gained 0.27% in the past day. However, BTC is still below key resistance levels, namely the 50-day moving average at $88,467 and the 200-day moving average at $96,227. This indicates that despite optimism in the options market, Bitcoin is still in a corrective phase.

In addition, funding levels in the Perpetual Futures market showed mixed values, with some exchanges recording positive funding levels and others negative. This indicates that the market still has no clear direction, with demand yet to fully recover.

Bitcoin Movement Scenario in the Near Future

Bullish Scenario

If Bitcoin is able to return to the range of $88,000-$90,000, then activity in the options market could push the price higher, with a medium-term target of $100,000.

Bearish Scenario

If BTC remains below $85,000 and Open Interest continues to decline, it is likely that BTC will retest the support level at $78,000-$80,000. In this scenario, short-term downside risks will increase.

Conclusion: Beware of Volatility in the Near Term

The Bitcoin options market shows traders’ preference for a bullish scenario, but there are still indications of hedging activity with large volumes of put contracts in the $75,000-$85,000 range.

With options contract expiration dates approaching and open interest decreasing, this period could bring high volatility.

Investors should continue to monitor funding levels in the futures market, liquidity flows, and key price moving average levels to determine the next direction of Bitcoin’s movement.

Related Article: What Is the Impact of XRP Price Prediction on Crypto Market 2025 After Dropping 8% From Positive Trend?This content is intended for informational purposes only and is not intended to be used in place of advice from a qualified legal, financial, accounting, or tax professional. An asset's past performance does not necessarily determine its future performance.

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