Options open interest on the verge of breaking all-time high, calls for $30,000 Bitcoin

Definition

  • The total amount of funds (USD Value) allocated in options contracts.

Quick Take

  • Options open interest is on the verge of breaking an all-time high. Currently, 345,000 BTC ($8B) has been allocated to options contracts.
  • The all-time high occurred during the collapse of FTX back in November.
  • The recent surge in options contracts is fuelled by CME, which now has 14% of the market.
  • While options open interest by Bitcoin strike price for the end of the first quarter is now being called at $30,000.
Options Open Interest: (Source: Glassnode)
Options Open Interest: (Source: Glassnode)
Options Open Interest by strike price: (Source: Glassnode)
Options Open Interest by strike price: (Source: Glassnode)

The post Options open interest on the verge of breaking all-time high, calls for $30,000 Bitcoin appeared first on CryptoSlate.

Read Entire Article


Add a comment