Choices open curiosity on the verge of breaking all-time excessive, requires $30,000 Bitcoin

by Jeremy

Definition

  • The full quantity of funds (USD Worth) allotted in choices contracts.

Fast Take

  • Choices open curiosity is on the verge of breaking an all-time excessive. At present, 345,000 BTC ($8B) has been allotted to choices contracts.
  • The all-time excessive occurred throughout the collapse of FTX again in November.
  • The latest surge in choices contracts is fuelled by CME, which now has 14% of the market.
  • Whereas choices open curiosity by Bitcoin strike value for the tip of the primary quarter is now being known as at $30,000.
Options Open Interest: (Source: Glassnode)
Choices Open Curiosity: (Supply: Glassnode)
Options Open Interest by strike price: (Source: Glassnode)
Choices Open Curiosity by strike value: (Supply: Glassnode)

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