Traders on the Deribit exchange have accumulated significant bullish positions in Bitcoin options, with total open interest for Friday's expiry reaching $16,07 billion. The market data reveals 121,676 call options compared to 68,333 put options, resulting in a put/call ratio of 0.56. Major call clusters are positioned at $90,000 and $100,000, while some contracts extend to $125,000.
The current Bitcoin price hovers near $81,292, while the max pain level for the upcoming expiry is set at $73,000. The largest concentration of put options is located at $70,000. Recent market activity also included $262 million in short liquidations and $593 million in inflows into spot Bitcoin funds over a two-day period, while MicroStrategy stock increased by 17% during the week.
Sota Watanabe, founder of Astar Network and Startale Group, expressed a positive outlook for October. Conversely, Vugar Usi Zade, CEO of the MEXC exchange, remains cautious regarding a potential trend reversal in the fourth quarter of 2026. He highlighted geopolitical tensions in the oil market as a possible factor that could influence investor sentiment in the near term.
