The value of options betting on Bitcoin falling below $75,000 reaches $1.159 billion, which is on par with the value of $100,000 call options

According to CoinDesk, data from the Deribit options trading platform shows that the dollar value of a $75,000 Bitcoin put option contract has now reached $1.159 billion, nearly on par with the nominal open interest of $1.168 billion for a $100,000 call option.

However, there are also a significant number of open contracts for put options with strike prices of $70,000, $80,000, and $85,000, while call options with higher strike prices (except for the $100,000 call option) lack similar trading activity.