Report open curiosity for Bitcoin choices of $ 6.5 billion follows BTC all-time excessive
Record open interest for Bitcoin options of $ 6.5 billion follows BTC all-time high
The open interest in (BTCOptions contracts hit a new all-time high of $ 6.5 billion on December 17th. That number is tripling from 90 days ago and is evidence that the market has grown significantly over the past 6 months.
Bitcoin options overall open interest. Source: cryptorank.io
Investors need to keep in mind that while an open interest of $ 6.5 billion is an impressive number, it doesn't necessarily mean that professional investors are bullish or bearish.
Deribit short-term BTC options open interest by strike. Source: genesisvolatility.ioDeribit long-term BTC options open interest through strike. Source: genesisvolatility.ioDeribit Bitcoin Options 30-20% delta offset. Source: genesisvolatility.io
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