Definition
- The total amount of funds (USD value) allocated in option contracts.
quick shot
- Options open interest is about to break an all-time high. Currently, 345,000 BTC ($8B) have been allocated to options contracts.
- The all-time high came during the FTX crash in November.
- The recent rise in options contracts is driven by CME, which now has 14% of the market.
- While Bitcoin strike price options open interest for the end of Q1 is now called at $30,000.
The charge Options Open Interest About to Break All-Time High, Demand $30,000 in Bitcoin first appeared in CryptoSlate.
