#BinancSquare Bitcoin and Ethereum Options Worth $4.7 Billion on the Market Data from Deribit shows that the open interest for Bitcoin options currently stands at 33,855 contracts, representing a notional value of $3.82 billion.
The put-call ratio (PCR) stands at 1.30, indicating a tendency towards hedging the downside as traders seek protection.
The maximum pain point, which is the strike price at which option holders face the largest collective losses, stands at $118,000 $BTC
