The Bermuda-based insurer, which runs entirely on Bitcoin, drew the funding from existing backers led by Bain Capital Crypto after a record year driven by demand from wealthy families in Asia, Europe and the Middle East.
Deribit's $95,000 calls held 25,030.6 BTC in open interest, while lower max-pain estimates offered a counterpoint.
Bitcoin's options market is sending a curious message. With bitcoin trading above $82,000, calls account for 60.24% of outstanding options interest, while a massive 25,030.6 BTC position sits at Deribit's $95,000 strike for Oct. 30. Meanwhile, futures open interest stands at $51.7 billion, and options max pain levels point toward considerably lower prices.
Bitcoin stands at $82,749 and the daily range has fallen to 0.74 percent, less than a third of the weekly average. The US consumer price index lands on Wednesday: these are the levels that count until then.
The spot-market reading was collected at 11:18 a.m. ET on Oct. 10, with BTC at $83,014 15 minutes earlier.
Bitcoin's (BTC) overall volatility has declined sharply in 2026, yet significant extreme price movements have occurred more often than during the full 2018 bear market.
Luxor's paired forwards can fix gross BTC receipts, while mining delivery, counterparty performance and financing terms still determine repayment.
The launch of Papertrade could reshape crypto trading dynamics, emphasizing leverage and risk, potentially impacting market stability and liquidity. Papertrade draws $3B in Bitcoin open interest as on-chain perps exchange launches.
The funds drew $21.13 million on Oct. 9, while U.S. spot Ether ETFs posted a ninth consecutive session of outflows.
Bitcoin ETFs returned to positive territory on Friday with a modest $21.13 million inflow, offering some relief after two heavy days of redemptions. Ether funds remained under pressure, while NEAR kept attracting fresh capital.
Bitcoin was up $200 from 15 minutes earlier and 0.22% from one hour earlier at 10:38 a.m. ET (14:38 UTC) on Oct. 10.
Over $19 billion was wiped out a year ago and BTC is still facing the consequences.