neutral
Recently
CME Bitcoin options volume hits record high as institutions hedge Q4 risks
Institutional derivatives activity surges on CME as traders hedge Bitcoin exposure against potential year-end macroeconomic headwinds.
CME Group reported a record $4.5 billion in daily Bitcoin options volume this week, reflecting heightened institutional hedging activity ahead of the December expiry. Analysts note that while spot prices remain consolidated near $98,000, the rising put-call ratio indicates traders are actively protecting gains against potential year-end volatility. Market observers attribute this caution to pending regulatory clarifications in the US and liquidity tightening in global bond markets, which historically correlate with crypto asset repricing events.