PANews reported on March 11 that according to CoinDesk, the recent downturn in the cryptocurrency market has caused the once popular $120,000 Bitcoin option bet to lose its crown and be replaced by the $100,000 call option, indicating that traders are reassessing their bullish expectations. As of press time, the $100,000 call option is the most popular Bitcoin option contract on the exchange, with a notional open interest of $1.55 billion. The notional open interest represents the dollar value corresponding to the number of active option contracts at a specific point in time. At the same time, the $120,000 call option, which had been in the leading position until last month, is currently ranked second, with a notional open interest of $1.33 billion.