Bitcoin Options Traders Push BTC Price Up $6,000 Within Hours

On October 21, 2025, Bitcoin’s price soared from an intraday low of $107,557 to $113,447 amid heightened derivatives market activity.

The total open interest (OI) in Bitcoin futures reached $70.75 billion, equivalent to roughly 642,590 BTC across major exchanges.
CME leads the market with $16.42 billion (23.2%) in open positions, followed by Binance with $12.79 billion (18.1%) and Bybit with $7.46 billion (10.5%).

Kucoin recorded the sharpest hourly increase at +2.86%, while MEXC saw the largest 24-hour drop at -18.06%, likely due to liquidations or profit-taking.
Open interest on Gate also fell by 6.30%, signaling a reduction in leverage across mid-tier platforms.

According to Coinglass, OI in dollar terms has risen sharply since June and remains elevated, reflecting sustained speculative interest.

Bullish sentiment dominates the options market:

• Call options (bets on price increases) account for 59.3% of total OI, or 290,060 BTC;

• Put options (bets on declines) make up 40.7%, or 199,107 BTC.

Over the past 24 hours, call option volume hit 30,682 BTC, compared with 27,717 BTC in puts — indicating a moderately optimistic outlook.

The largest open contracts on Deribit are set for December 2025, led by a $140,000 call option (10,099 BTC), followed by calls at $200,000 and $120,000.
This distribution suggests traders expect Bitcoin to hold within a six-figure range by the end of 2025.

See also: "Bitcoin Price Today: Drops to $107,000 Amid Market Stagnation"

#Bitcoin (BTC) #Price Increase

Share: