The cryptocurrency options market is booming, with a surge in institutional hedging demand
Deribit data shows that Bitcoin options open interest has surpassed $20 billion, and Ethereum options trading volume has reached an all-time high. This phenomenon reflects: 1) Institutional investors are increasing their hedging efforts; 2) Market volatility expectations are rising; 3) Diversification of options strategies is developing. Notably, the open interest for BTC call options with a strike price of $80,000 for the end of the year has surged, indicating that some funds are betting on a breakthrough of previous highs before the year's end. The activity in the options market often signals that a significant turning point is approaching, and investors need to closely monitor changes in volatility.