Deep Tide TechFlow News, January 14, Matrixport issued a statement indicating that the influence of Bitcoin and Ethereum options on market prices has significantly weakened. Ethereum options open interest peaked in August 2025, while Bitcoin options open interest peaked in October 2025. Currently, Bitcoin's nominal options open interest has decreased from $52 billion to approximately $28 billion, with an overall market deleveraging trend evident. Analyst Markus Thielen pointed out that although traders still express bullish sentiment by buying call options, the Ethereum market shows different characteristics. Previously, long futures positions combined with put options for hedging are gradually being unwound, reflecting that market participants are shifting towards more cautious positioning.
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Deep Tide TechFlow News, January 14, Matrixport issued a statement indicating that the influence of Bitcoin and Ethereum options on market prices has significantly weakened. Ethereum options open interest peaked in August 2025, while Bitcoin options open interest peaked in October 2025. Currently, Bitcoin's nominal options open interest has decreased from $52 billion to approximately $28 billion, with an overall market deleveraging trend evident. Analyst Markus Thielen pointed out that although traders still express bullish sentiment by buying call options, the Ethereum market shows different characteristics. Previously, long futures positions combined with put options for hedging are gradually being unwound, reflecting that market participants are shifting towards more cautious positioning.