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Bitcoin options show cautious optimism with call dominance amid strong put hedging activity.

Market News
02 Aug 2026
Tokenpost
View Source
Bullish
pluang ai news

Bitcoin options data reveals a moderately bullish market sentiment as call options dominate open interest, signaling traders' cautious optimism about price gains. Total open interest rose slightly to $24.65 billion, with calls making up 62.11% of open interest and 53.42% of 24-hour trading volume, indicating medium-term upside exposure. However, a significant share of puts remains active, reflecting ongoing demand for downside protection and hedging against volatility. This balance suggests traders are optimistic but remain wary of potential pullbacks, with Deribit leading longer-term contracts and Bybit dominating short-term trading activity.

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