$BTC Glassnode has spread the word about a massive increase in Bitcoin options open interest. This metric has spiked to an all-time high, reaching the $46.2 billion level. This signifies a rise by $25.8 billion from recent lows.

This extensive increase in Bitcoin options open interest has surpassed the same indicator for Bitcoin futures. Glassnode explained that the big rise in this metric signifies that market participants are growing more sophisticated. Therefore, they require “more advanced hedging and strategy execution” for trading Bitcoin options.

$BTC options open interest recently hit an all-time high of $46.2B - up +$25.8B from the lows. This sharp growth outpaces futures and signals rising demand for more advanced hedging and strategy execution as market participants grow more sophisticated.