Anchorage Digital research head: Bitcoin options market signals new bullish regime

Bitcoin futures open interest has climbed above $50 billion for the first time this year, according to Bitcoin Magazine. David Lawant, head of research at Anchorage Digital, suggests this indicates market vitality rather than excessive leverage. Lawant highlighted that rising spot volume and thinning order books point to an early recovery phase. He also analyzed the $60 billion Bitcoin options market, the impact of high short-term volatility for 2026, and how ETFs and corporate treasuries are reshaping Bitcoin's price discovery process.