Traders Bet $1.16B on Bitcoin Falling to $75,000
🎰 Options Market Flips Bearish - Puts Match Calls
The $75,000 put option (a bet that Bitcoin falls below $75,000) now has $1.159 billion in notional open interest on Deribit—almost matching the $1.168 billion in $100,000 call options.
What This Means:
For weeks, the $100,000 call option dominated (traders betting on Bitcoin mooning). Now, bearish $75,000 puts are just as popular, showing sentiment has completely flipped.
Options 101:
- Call option: Bet that price goes UP (e.g., BTC to $100K+)
- Put option: Bet that price goes DOWN (e.g., BTC be