Bitcoin Options Reach Record High, Signaling Increased Hedging Demand

Bitcoin options open interest has surged to a record high of $46.2 billion, according to recent data from BlockBeats and Glassnode. This marks a remarkable increase of $25.8 billion from its previous low point. This surge in open interest exceeds the growth observed in futures markets, highlighting a growing demand for sophisticated hedging strategies among market participants as they navigate increased market complexity.