A $58,000 Bitcoin (BTC) put led contract trading in a Nov. 1 Coinglass snapshot even as calls maintained a narrow lead in both open interest and total 24-hour volume.
The 7:06 a.m. EST (12:06 UTC) reading showed open interest of $28.32 billion, down 0.14% from the previous day's $28.36 billion, according to Coinglass data. An earlier EconoTimes report on the $28.36 billion reading covered that prior level. Options volume totaled about $1.15 billion over 24 hours. Calls accounted for 57.96% of open interest, while puts held 42.04%; calls represented 52.29% of volume and puts 47.71%.
After the leading $58,000 Deribit put, the busiest individual contracts were a $78,500 Deribit call expiring Nov. 2 and a $70,000 Bybit put expiring Nov. 6. The largest open-interest positions were an $80,000 Deribit call, a $60,000 Deribit put and a $100,000 Deribit call, all expiring Dec. 25.
Open interest counts contracts that remain outstanding, while volume tracks trading during a set period. A call gives its holder a purchase option at the strike price; a put gives its holder a sale option. A single put can top the contract rankings even when calls have the larger aggregate share. The call share alone does not predict Bitcoin's next move, and traders may use puts to hedge existing positions.
