In the Bitcoin options market expiring on October 16, open interest in put options was found to be about 43% higher than that of call options.
According to Deribit data as of October 12, the put/call ratio for Bitcoin options expiring on October 16 stood at 1.43. Open interest totaled 9,128 BTC in puts and 6,373 BTC in calls.
In particular, the notional values of put options with strike prices of $76,000, $78,000 and $80,000 were approximately $101 million, $162 million and $188 million, respectively, totaling $451 million. This represents about 35% of the $1.29 billion total size of options expiring on that date.
The concentration of put options indicates that traders are wary of additional selling pressure. However, put open interest may include not only purchases to hedge downside risk but also positions involving the sale of puts to earn premium income.
Sources
- CryptoSlate — Bitcoin options price a quiet CPI week while shorts cluster at $76,000–$80,000 — 2026-10-12 — [cryptoslate.com]