Deribit Bitcoin options market data analysis shows that as of January 5, the total number of open contracts for Bitcoin options on Deribit was 228,646.70 BTC, with a notional value of $10.05 billion. This number indicates high market participation, with investors showing high interest and participation in Bitcoin’s future price movements.

Specifically, the open interest for call options is 162,694.50 BTC, while the open interest for put options is 65,952.20 BTC. This shows the dominance of bullish sentiment among investors, who appear to be anticipating or hedging against a possible rise in Bitcoin prices.

Furthermore, the most concentrated strike price among the call options is $50,000, which is worth $1.05 billion. This price level is seen as an important psychological threshold, and many investors appear to be betting that Bitcoin will reach or exceed this price. This is followed by strikes at $45,000 and $60,000, suggesting investors are optimistic about higher prices but less confident about the key $50,000 level.

Regarding the open interest on the expiration date, the data shows that the call options expiring on January 26 are very concentrated, with the call option value reaching $2.21 billion, while the put option value is $988.49 million. This suggests that bullish sentiment is more pronounced in the medium term, with a large portion of market participants anticipating that the Bitcoin ETF may usher in significant developments before this date. #BTC #etf #ETH #LUNC #OSMO $XRP $SOL $BNB