CW8900
$BTC CME options open interest indicates a bottom in buying pressure.
Open interest in call options typically peaks at the peak of a price rally. In this cycle, it peaked in December 2024 and has gradually declined. Currently, open interest in call options is at a bottom. On the other hand, open interest in put options is rapidly increasing. While an increase in put options generally indicates increased downward pressure, it can also signal a potential market reversal. Currently, whales are accumulating massive amounts of $BTC. Furthermore, the current low in options investors' expectations for a price rally increases the likelihood of a reversal.