Options open contracts hit new ATH – 468K Bitcoin

Quick Take

The total amount of funds in (USD value) allocated in options contracts.
Options open interest just hit a new all-time high of 468,000 Bitcoin, equivalent to roughly $13 billion.
This is the same notional value during the 2021 bull run — showing how many Bitcoin are allocated into options contracts.
The strike price for March 31 shows a huge dominance for calls around $30,000 — set to place further resistance on the $30,000 mark.

Options Open Interest BTC: (Source: Glassnode)
Options Open Interest USD: (Source: Glassnode)
Options Open Interest by strike price: (Source: Glassnode)

The post Options open contracts hit new ATH – 468K Bitcoin appeared first on CryptoSlate.

Leave a Reply

Your email address will not be published.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