Bitcoin Options Signal Bullish Outlook as Near-Term Hedging Increases

Bitcoin options data on Sunday showed a bullish long-term outlook but defensive short-term hedging. Total Bitcoin options open interest stood at $31.0726 billion, up 0.11% from the previous day. 24-hour options volume was roughly $1.1223 billion. Traders expect upside over the medium run but are hedging near-term volatility.