FeesSafety
Pluang+

Bitcoin spot trading quiet while options open interest stays high near $38B in October

Market News
03 Nov 2026, 23:41 WIB
Crypto Briefing
View Source
Neutral
Bitcoin spot trading quiet while options open interest stays high near $38B in October

In October 2026, Bitcoin spot trading volumes dropped to near two-year lows, with daily averages around $6.8 billion and a net demand decline of 76,000 BTC. Despite this, Bitcoin options open interest remained strong between $37 billion and $38 billion, showing a bullish tilt with calls making up about 60%. This divergence highlights a shift where derivatives, especially options, have become key tools for traders to manage risk and express market views, even as spot market participation cools. The subdued spot market suggests caution among investors, while heavy options activity signals expectations of future volatility and potential market turbulence around contract expiries.

Bitcoin trading activity is the focus, with Pluang's market snapshot as of Nov 04, 2026 04:25 WIB showing a breadth of 37 rising and 12 falling among 50 major cryptocurrencies. Notable moves include ENJ at Rp436 with a 3.14% increase and 100% sell order activity, XRP at Rp23.343 up 3.11% with a near-even buy-sell split, and SUSHI at Rp3.495 rising 3.10%. This data provides a sector-level context amid the recent shifts in Bitcoin's spot and options markets.

More News

Vencora acquires CT InsureTech to boost insurance tech portfolio and expand in Latin America.

Vencora acquires CT InsureTech to boost insurance tech portfolio and expand in Latin America.

Vencora has acquired CT InsureTech, a leading insurance technology provider with offices in London, Buenos Aires, and Mexico City. This acquisition strengthens Vencora's insurance technology offerings and expands its presence in Latin America and Eur...

Company Fundamentals
Bullish
5 hours ago
Vencora acquires CT InsureTech to boost insurance tech and expand in Latin America and UK

Vencora acquires CT InsureTech to boost insurance tech and expand in Latin America and UK

Vencora has acquired CT InsureTech, a leading provider of insurance technology and services with offices in London, Buenos Aires, and Mexico City. This acquisition expands Vencora's portfolio and presence in Latin America and the UK, strengthening it...

Company Fundamentals
Bullish
5 hours ago
Telos wins U.S. State Dept contract for Xacta 360 cybersecurity services

Telos wins U.S. State Dept contract for Xacta 360 cybersecurity services

Telos Corporation secured a 12-month contract from the U.S. Department of State to provide Xacta 360 subscriptions and cybersecurity services. The contract includes customer-hosted Xacta 360 software and technical support to enhance the department's ...

Market News
Bullish
5 hours ago
ORE and Jito Foundation swap tokens to boost staking yield and treasury holdings.

ORE and Jito Foundation swap tokens to boost staking yield and treasury holdings.

ORE and Jito Foundation have entered a treasury arrangement where ORE tokens are placed in Jito Foundation's treasury, and JitoSOL tokens are held in ORE's reserves. This swap aims to generate staking yield for ORE through the JitoSOL allocation. Add...

Protocol Fundamentals
Bullish
5 hours ago
Palantir posts 96% revenue growth but high valuation limits upside, Hold rating maintained.

Palantir posts 96% revenue growth but high valuation limits upside, Hold rating maintained.

Palantir Technologies reported a strong 96% revenue increase and a 47% GAAP operating margin, with U.S. commercial revenue now exceeding government revenue. However, international commercial growth is slow and new customer signings are slowing down. ...

Company Fundamentals
Neutral
5 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App