Bitcoin Options Open Interest Hits New High Traders Betting on Surge to 50000 in Early Next Year

On the other hand, according to a report by The Block, in the options traded in the past 24 hours, the majority were call options, with a ratio of 64% for call options and 36% for put options. Without considering hedging and other trading purposes, it is generally assumed that traders buying call options have a bullish outlook on the underlying asset, while put options buyers have a bearish outlook.