Bitcoin (BTC) options positioning continued to signal longer-term bullish expectations, even as short-term flows tilted toward downside protection, highlighting a market that remains optimistic but increasingly cautious amid near-term price softness. Data from Deribit, the largest crypto options exchange, showed total Bitcoin options ‘open interest’ at 155,061 contracts with an estimated notional value of about $9.27 billion as of Thursday 00:55 UTC (Thursday 9:55 a.m.
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