Insights

Options open contracts hit new ATH – 468K Bitcoin

exchange68September 13, 2024

0 1 1 minute read

Quick Take

The total amount of funds in (USD value) allocated in options contracts.
Options open interest just hit a new all-time high of 468,000 Bitcoin, equivalent to roughly $13 billion.
This is the same notional value during the 2021 bull run — showing how many Bitcoin are allocated into options contracts.
The strike price for March 31 shows a huge dominance for calls around $30,000 — set to place further resistance on the $30,000 mark.

Options Open Interest BTC: (Source: Glassnode)

Options Open Interest USD: (Source: Glassnode)

Options Open Interest by strike price: (Source: Glassnode)

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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