Ethereum Options Open Interest Hits $4.63 Billion with Bullish Call Bias

Ethereum's options open interest has hit $4.63 billion, reflecting a strong bullish tilt in the market.

Calls are making up 61.22% of open interest and 58.47% of recent volume, indicating traders expect both near-term gains and a potential extended rally into year-end.

The key strike price for December is $3,200, with significant put options remaining in play, suggesting ongoing demand for downside protection and risk management.

This balance suggests Ethereum's derivatives market expects upside potential while preparing for volatility, which could influence liquidity and price swings as key option expiries approach.