Bitcoin Derivatives Heat Up as Options Open Interest Tops $50B
- —BTC futures open interest rebounded to about $60 billion from mid-$40 billion in summer
- —Options book holds 362,972 BTC in calls versus 242,031 BTC in puts
- —Puts took 58.2% of 24-hour options volume on Deribit
- —Nearly $16 billion in options expires Sept. 25, with max pain near $76,000
Why it matters: The Sept. 25 expiry and the gap between spot and max pain levels could set the market's tone for the coming weeks.
Source: Bitcoin.com