The volume of open positions in Bitcoin options reached $ 8.8 billion ahead of the expiration of 45% of contracts.
Against the backdrop of a rally in the underlying asset, open interest grew by 118% over two months to $ 8.4 billion. The total volume of options expiring in 11 days is a record $ 3.8 billion.
85% of contracts are on the Deribit exchange. On January 29, 45% of bitcoin options will expire on the platform, for which 94,060 BTC obligations will be extinguished.
Open Interest on Bitcoin Options on Deribit with various expiration dates. Data: genesisvolatility.io.
Delta on the site indicates that the last time the market was dominated by bearish sentiment on January 10, when the price of bitcoin fell 15%.
Delta for Bitcoin Options on Deribit. Data: genesisvolatility.io.
Since January 12, the market has been dominated by optimistic sentiment, as the indicator climbed above the 20 mark.
On December 21, open interest in Bitcoin futures on the Chicago Mercantile Exchange (CME) reached a new high at $ 1.47 billion.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
