PANews reported on May 22 that according to CoinDesk, as BTC broke through $111K to set a new record high, the total value of open interest in Bitcoin options on the Deribit platform rose to $42.5 billion, setting a record. The $110K, $120K and $300K call options expiring on June 27 are currently the most open positions, indicating a strong bullish sentiment in the market. Deribit accounts for nearly 80% of global crypto options trading volume.