Bitcoin options open interest has outpaced futures trading volume for the first time in history, peaking at $74.9 billion.

Bitcoin futures open interest has fallen sharply to multi-year lows, signaling weak risk appetite and a likely period reset for crypto.

With bitcoin BTC $95,381.69 trading in a relatively narrow range of $80,000 to $95,000 since November, options have emerged as the largest segment of the derivatives complex in a sign of the maturing ...