Analyst: Options Market Data Shows Traders are Reassessing Bitcoin Bullish Expectations

BlockBeats News, March 11th, according to CoinDesk, analyst Omkar Godbole stated that the recent cryptocurrency market downturn has led traders to reassess their bullish expectations, with the most popular Bitcoin options bet on Deribit shifting from $120,000 bullish options to $100,000 bullish options. Currently, the open interest in $100,000 bullish options stands at $1.55 billion, while the open interest in $120,000 bullish options is at $1.33 billion. As of now, bullish options pricing beyond May remains bullish, with the USD value of all open bullish options exceeding $16 billion.