Bitcoin Options Open Interest Above $90,000 Surges to $2.8 Billion on Deribit, Signaling Bullish Sentiment

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BitcoinWorld 2d ago

Bitcoin Options Open Interest Above $90,000 Surges to $2.8 Billion on Deribit, Signaling Bullish Sentiment - BitcoinWorld

Quick Summary:

Bitcoin Options Open Interest Above $90,000 Surges to $2.8 Billion on Deribit, Signaling Bullish Sentiment As of November 11, 2024, the open interest in Bitcoin options contracts with strike prices above $90,000 has exceeded $2.8 billion on Deribit, the leading crypto derivatives exchange.

Open interest in out-of-the-money (OTM) call options—those with strike prices currently above the market price—has been growing, signaling that traders are increasingly positioning themselves for significant future gains.

For those looking to navigate this environment, understanding options market dynamics and monitoring open interest can provide valuable insights into potential future price movements.