Friday, December 9, 2022

Record $2.9B Bitcoin options open interest follows BTC rally to $14,259 By Cointelegraph

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Record $2.9B Bitcoin options open interest follows BTC rally to $14,259

The open interest on (BTC) options contracts has reached a new all-time high at $2.9 billion. Interestingly, this feat happened only five days after the October expiry, which liquidated $400 million worth of options.

Bitcoin options total open interest. Source: Skew

Over the past six months, the options market has grown three-fold, causing investors to grow more curious about the potential impact upcoming expiries will have on the Bitcoin price.

Monthly BTC transaction volume (USD). Source: Digital Assets Data
BTC futures volume by exchange. Source: Digital Assets Data
Bitcoin 3-month options 25% delta skew. Source: Skew
Bitcoin options put-to-call ratio. Source: Skew