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

Q: How long will it take to read this news story?

The story "Bitcoin Options Open Interest Above $90,000 Surges to $2.8 Billion on Deribit, Signaling Bullish Sentiment" has 1098 words across 52 sentences, which will take approximately 5 - 10 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Bitcoin Options Open Interest Above $90,000 Surges to $2.8 Billion on Deribit, Signaling Bullish Sentiment" was covered 1 weeks ago by BitcoinWorld, a news publisher based in India.

Q: How trustworthy is 'BitcoinWorld' news outlet?

BitcoinWorld is a fully independent (privately-owned) news outlet established in 2020 that covers mostly crypto news. The outlet is headquartered in India and publishes an average of 5 news stories per day. It's most recent story was published 12 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23522926</li><li>URL: https://beamstart.com/news/bitcoin-options-open-interest-above-17313479551269</li></ul>

BitcoinWorld 1w 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.