[Bitcoin Options Open Interest Rises to $74.1 Billion, Surpassing Futures Open Interest for the First Time] Odaily Planet Daily News: Data shows that in mid-January, the total open interest of Bitcoin options increased to approximately $74.1 billion, surpassing the total open interest of Bitcoin futures at around $65.22 billion for the first time. Analysts point out that when options open interest exceeds futures, it typically indicates that the market is shifting from directional leverage to more structured risk exposures, such as hedging, yield strategies, and volatility positions. Additionally, data from Checkonchain shows that at the end of December last year, options open interest experienced a sharp decline, followed by a rebuild in early January. This aligns with the pattern of risk reconstruction in the market after major expiration dates, whereas the changes in futures open interest during the same period were relatively stable. (CryptoSlate)