Bitcoin options open interest just hit an all-time high of 50B on Deribit, with puts at 100K gaining traction. "While put OI has increased at key downside strikes, there’s notable call activity building around 120K and above, suggesting traders are positioning for potential upside volatility or gamma exposure," Luuk Strijers, CEO of Deribit. Read more on @CoinDesk ↓ https://www.coindesk.com/markets/2025/10/23/bitcoin-options-open-interest-surges-to-record-usd50b-on-deribit-as-traders-actively-hedge-downside-risks Disclaimer: Deribit FZE is licensed by the Virtual Assets Regulatory Authority (VARA) for virtual asset exchange services, but does not offer derivatives to retail investors. DRB Panama Inc. is unregulated and serves retail and non-retail investors. Virtual Assets are subject to extreme market volatility, involve a high degree of risk, and can lose value, in part or in full. Investing in Virtual Assets may result in you losing your entire investment. Virtual Assets are not insured against potential losses and are not protected by any form of financial protection whatsoever.(Deribit)