More than 75% of option activity on Deribit is comprised of $100,000 call options for BTC.

Last Friday evening, the Trump administration released new guidelines exempting certain tech products from high tariffs, but Trump later denied relaxing the tariffs. Nevertheless, the price of Bitcoin rebounded, with traders actively buying call options on the Deribit platform. According to data from Amberdata, the market skew shifted from a strong bearish sentiment last week to nearly zero, indicating a reduction in market panic and a resurgence in bullish interest. Deribit data shows that call options at $100 thousand have become the most popular choice, accounting for over 75% of global options activity, with a cumulative nominal open interest value of nearly $1.20 billion. Meanwhile, put options at $70 thousand are the second most popular choice, with an open interest value of $982 million. (CoinDesk)