Record $2.9B Bitcoin options open interest follows BTC rally to $14,259
Cointelegraph
Published Nov 04, 2020 04:19PM ET
Updated Nov 05, 2020 04:20PM ET
The open interest on Bitcoin (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.
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.
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Written By: Cointelegraph
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