By Oliver Andrews Those watching Bitcoin (BTC-USD) prices lately have likely recognized volatility as a continued theme. After a recent drop from around $90,000 to near $60,000 in a matter of days, sentiment in the crypto market shifted rapidly to extreme fear. While the headlines were fixated on the sell-off, a different story is beginning to unfold in the options market. Data from CME Group shows a call-to-put open interest (OI) ratio of approximately 3:1 for March expirations, with $660 million in call options against $240 million in puts. This suggests investors are positioning for a poten
By Oliver Andrews Those watching Bitcoin (BTC-USD) prices lately have likely recognized volatility as a continued theme. After a recent drop from around $90,000 to near $60,000 in a matter of days, sentiment in the crypto market shifted rapidly to extreme fear. While the headlines were fixated on the sell-off, a different story is beginning to unfold in the options market. Data from CME Group shows a call-to-put open interest (OI) ratio of approximately 3:1 for March expirations, with $660 million in call options against $240 million in puts. This suggests investors are positioning for a poten