Bitcoin trading activity cools in October as options volume rises
Bullish strength: 35/100
- Calls represented approximately 59%-60% of Bitcoin options open interest, indicating a bullish directional tilt among options positions.
- Bitcoin options open interest reached $37 billion-$38 billion, reflecting substantial derivatives participation.
Bearish strength: 65/100
- Daily spot trading volume averaged approximately $6.8 billion, lower than roughly 90% of trading days since January 2024.
- Bitcoin spot demand indicators recorded a cumulative demand decline of 76,000 BTC.
- ETF inflows remained subdued throughout October, limiting institutional spot-demand support.
- Futures open interest remained elevated at approximately $51 billion-$55 billion despite weakening spot participation.
- Weak spot demand increases the risk that Bitcoin rallies fade without renewed buying.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.