TechFlow news, March 11 — According to CoinDesk, analyst Omkar Godbole said the recent downturn in the cryptocurrency market has prompted traders to reassess their bullish expectations, with the most popular Bitcoin options bet on Deribit shifting from the $120,000 call option to the $100,000 call option.
Currently, the notional open interest for the $100,000 call option stands at $1.55 billion, compared to $1.33 billion for the $120,000 call option.
As of now, call options priced beyond May remain bullish, with the total dollar value of all outstanding call options exceeding $16 billion.
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