Deribit Bitcoin Options Open Interest Smashes Record at $42.5B as Traders Position for Next BTC Rally

Deribit just lit up the crypto derivatives space—Bitcoin options open interest surged to a jaw-dropping $42.5 billion. Traders aren’t just hedging; they’re loading up for the next leg up.

Bullish bets stacking up

The surge signals more than just institutional FOMO. With open interest at all-time highs, whales and algos are clearly betting BTC hasn’t finished its climb—even if half these positions will evaporate faster than a meme coin’s liquidity pool.

What’s the next target?

All eyes now turn to where BTC might head next. The options market’s pricing in big moves—whether Wall Street’s latest ‘digital gold’ narrative holds or we’re due for another round of violent gamma squeezes. Either way, buckle up.

Bonus jab: Nothing brings out ‘financial innovation’ like watching traders pay premium for the privilege of getting liquidated at key resistance levels.