There are roughly 345,000 Bitcoin currently allocated in options open interest contracts — primarily fueled by CME.
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.
