Bitcoin risk management grows more popular as the 'just bet on price' era fades

Bitcoin trading is shifting from purely directional price speculation toward sophisticated risk management, evidenced by options contracts capturing nearly 60% of open interest in derivatives markets. Driven largely by institutional ETF-linked options, this structural shift highlights a maturing market where investors utilize options for hedging and volatility management.
Why it matters
The growing dominance of options trading indicates increased institutional participation and market maturity, reducing reliance on simple leveraged directional bets.
Traducido por IA 3 min de lectura Make preferred on Compartir Compartir este artículo Copiar enlace X icon X (Twitter) LinkedIn Facebook Correo electrónico Make preferred on Bitcoin trading is becoming more sophisticated as use of options increases. (TabTrader.com/Unsplash) Resumen Mostrar This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here , if you haven't already.
Bitcoin BTC $83.354,72 options are taking a bigger share of the largest cryptocurrency’s derivatives market in a sign that trading is becoming more sophisticated.
According to Volmex , the issuer of the bitcoin volatility index BVIV, options accounted for just under 60% of open interest among all bitcoin derivatives last week. That’s up from around 50% at the start of the year.
Open interest is the total value of contracts that traders have opened and not yet closed. The market encompasses bitcoin futures, perpetual futures and both bitcoin-native and ETF-based options.
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