Bitcoin (BTC) options volume totaled $7.03 billion in the 24 hours to 7:05 a.m. ET (12:05 UTC) Friday, with puts making up 53.76%, Coinglass data showed.
Open interest was $29 billion, down 12.15% from $33.01 billion a day earlier. Calls represented 55.30% of open interest, compared with 44.70% for puts. For 24-hour trading volume, puts accounted for 53.76% and calls 46.24%.
Deribit put contracts with Nov. 27 expirations and strikes of $68,000 and $72,000 ranked first and second by 24-hour volume. A Dec. 25 call at $100,000 came next. By open interest, the leading Dec. 25 contracts were calls at $80,000 and $100,000, with a $60,000 put between them.
Coinglass data in a Nov. 5 EconoTimes Bitcoin options snapshot put open interest at $33.41 billion, with calls holding the majority of both open interest and daily volume.
Open interest counts options contracts that remain active; volume tracks contracts traded during the measurement period. The larger put share of recent trading alone does not establish whether traders were hedging or taking directional positions.
