Bitcoin Options Open Interest Hits Peak Hours Before Giant $1B Expiry
The $1 billion expiration is only one day away. Big things to come for Bitcoin and we have only just begun
Bitcoin Options Open Interest Hits Peak Hours Before Giant $1B Expiry
“’The total open interest for bitcoin derivatives on CME (futures + options) just reached a new all-time high. This is mostly driven by increased demand for options, ‘fellow analyst Arcane Research summarized in a blog post, citing data from Skew.
‘Friday marks a huge day in the option market as $1 billion worth of bitcoin contracts will expire, with CME accounting for close to $300 million.'”
https://cointelegraph.com/news/bitcoin-options-open-interest-hits-peak-hours-before-giant-1b-expiry