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Analysis: Traders are reevaluating the BTC bullish expectations, with $100,000 bullish call options being the most popular on Deribit.
On March 11th, PANews reported that the recent downturn in the Cryptocurrency market has caused the once popular $120,000 BTCOptions bet to lose its crown, replaced by $100,000 bullishOptions, indicating that traders are reevaluating their bullish expectations. As of the time of writing, the $100,000 bullishOptions is the most popular BTCOptions contract on the exchange, with a nominal open interest of $1.55 billion. Nominal open interest represents the USD value corresponding to the number of active Options contracts at a specific point in time. Meanwhile, the previously leading $120,000 bullishOptions, which had held the top position until last month, is now ranked second with a nominal open interest of $1.33 billion.