Technology

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

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

Definition

Table of Contents

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Shiga WhatsApp Group Din Mu