Betting that Bitcoin will fall below $75,000, the options value reaches $1.159 billion, equal to the value of $100,000 call options.

ChainCatcher reports that, according to CoinDesk, data from the Deribit options trading platform shows that the dollar value of Bitcoin put options worth $75,000 has now reached $1.159 billion, nearly matching the notional open interest of $1.168 billion for call options worth $100,000.

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