Ethereum’s choices market is gaining vital momentum, with open curiosity hovering to $13.75 billion, the very best stage recorded in 2025, in line with Glassnode information.
The determine marks a notable enhance and brings the market near the $14.6 billion all-time excessive achieved in March of final yr.
The surge displays a pointy rise in by-product exercise as merchants place themselves for potential value actions. Choices present a method for traders to realize publicity to Ethereum’s future value swings or hedge in opposition to losses whereas sustaining their ETH holdings.
This makes choices engaging for institutional gamers and complicated buying and selling desks looking for to execute extra superior methods. Market information from Deribit reveals that almost all ETH positions are skewed towards bullish bets, with calls dominating over places.
Important spikes in open curiosity are seen at strike costs of $4,000, $5,000, and $6,200, indicating that merchants are inserting giant bullish bets, practically $2 billion in whole, on these ranges.
This bullish sentiment comes as Ethereum has surged by roughly 18.5% over the previous week, pushing the worth above $4,000.
The continued rally has spurred merchants to lock positions forward of potential positive aspects, fueling the upward momentum.
