According to Coinglass, the open interest in options for #Bitcoin is now hovering around US$51 billion, while the open interest for Ethereum lags behind at approximately US$17 billion. This significant divergence highlights the intensified focus on BTC amid elevated geopolitical tensions.

Open interest reflects the total value of outstanding options contracts and is often used to measure market participation and sentiment. In Deribit, call options continue to dominate open interest for Bitcoin, with 59.73% of Bitcoin options contracts being call options, compared to 40.27% being put options.