Recently, the cryptocurrency market has experienced a decline, leading to the loss of leadership in options bets amounting to 120 thousand US dollars on Bitcoin, which were replaced by options on a bullish trend amounting to 100 thousand US dollars. Traders are reassessing their expectations regarding the bullish movement. Currently, options on a bullish trend amounting to 100 thousand US dollars are the most popular, with a nominal open contract volume of 15.5 billion US dollars, while options on a bullish trend amounting to 120 thousand US dollars rank second with an approximate volume of 13.3 billion US dollars. PANews reported on March 11th that the recent downturn in the cryptocurrency market led to the once popular 120 thousand US dollar Options bets losing their top spot and being replaced by 100 thousand US dollar Options bets, indicating that traders are reevaluating their bullish expectations. At the time of writing this article, Options amounting to 100 thousand US dollars are the most popular Options contracts on the exchange, with a nominal open contract volume of 15.5 billion dollars. The nominal open contract volume indicates the dollar value of active Option contracts at a specific point in time. Meanwhile, the once leading Options amounting to 120 thousand US dollars now rank second, with a nominal open contract volume of 13.3 billion dollars.

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