Bitcoin options open interest (OI) is poised to reach new all-time highs, according to analytics firm Glassnode. The OI, which tracks the total number of open contracts on centralized exchanges, recently hit a record on October 31 before a temporary decline due to contract expiries. However, it has since rebounded, indicating sustained interest in the options market. Glassnode observed that this pattern mirrors previous trends where OI surged following expiries. Additionally, options trading volume has remained robust, with market participants placing both bearish and bullish bets as Bitcoin's price fluctuates below $107,000.