🚀Hey BTC enthusiasts, buckle up! Despite the recent market rollercoaster, Bitcoin options are still flashing green, according to Kaiko data. 📊

Last week, Bitcoin took us on a wild ride, briefly dipping below the $57,000 mark before bouncing back over the weekend, thanks to easing concerns over Fed interest rates. 🎢

The price drop proved to be a boon for put options set to expire at the end of May. These options, which give holders the right to sell Bitcoin at a predetermined price, made up about 28% of the volume on Deribit for the May 31 expiry. 📉

But hold your horses! As Bitcoin's price galloped back above $64,000, these put options are no longer profitable. Call options in the $60,000 to $65,000 range are back in the money, baby! 💰

Despite the shift, call options continue to outnumber puts, signaling an overall bullish outlook among market participants. Looking ahead, Bitcoin options contracts set to expire on September 27 are dominated by call options, with a strike price of $65,000 emerging as the most popular choice. 🎯

This suggests that if Bitcoin maintains a price above $65,000 by the end of September, over $300 million worth of call options will be profitable. So, it looks like the market is betting on Bitcoin prices hovering around all-time highs by then. 🚀

Meanwhile, in the world of altcoins, meme coins are leading in leverage, with Pepe (PEPE) and Dogwifhat (WIF) boasting leverage ratios double that of other altcoins. 🐕

So, despite the market's ups and downs, it seems the bullish bias for Bitcoin is here to stay. Keep your eyes on the prize, BTC fans! 🏆