Insights

Options open interest on the verge of breaking all-time high, calls for $30,000 Bitcoin

exchange68September 13, 2024

0 1 1 minute read

Definition

The total amount of funds (USD Value) allocated in options contracts.

Quick Take

Options open interest is on the verge of breaking an all-time high. Currently, 345,000 BTC ($8B) has been allocated to options contracts.
The all-time high occurred during the collapse of FTX back in November.
The recent surge in options contracts is fuelled by CME, which now has 14% of the market.
While options open interest by Bitcoin strike price for the end of the first quarter is now being called at $30,000.

Options Open Interest: (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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