Cryp2Nova

Derivatives Ibit OI Urpd Ibit OI Urpd

Bitcoin

IBIT options open interest laid over the bitcoin cost-basis distribution.

Why it matters

It joins two maps: where ETF option bets sit versus where spot supply was acquired.

How it is built

Strike-level open interest plotted against the URPD price bins; difference variants show the change over 7 or 30 days.

What to watch

When option walls align with dense cost-basis bins the level is doubly defended; misalignment marks levels only one market cares about.

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