TechFlow, November 19 — Derivatives trading platform Deribit posted on X stating that the $140,000 Bitcoin call options have lost their leading position. Currently, the open interest in these calls stands at approximately $1.63 billion, while the open interest in $85,000 put options has reached $2.05 billion. This shift reflects a change in market sentiment from extreme bullishness to significant downside protection following Bitcoin's decline of over 25% to $91,000.
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