Bitcoin Options Traders Turn Bullish for First Time in 12 Months as Futures Open Interest Hits $52.64 Billion

Bitcoin futures open interest has reached 676,820 BTC, valued at $52.64 billion, with Binance accounting for 142,870 BTC of that total. Bitcoin options data shows a bullish sentiment, with call options representing 61.39% of open interest. Notably, the 25-delta skew turned positive on August 20, marking the first time in 12 months that options traders have shifted to a bullish outlook.