Record Surge in Bitcoin Futures Open Interest Precedes Major Options Expiry

Record Surge in Bitcoin Futures Open Interest Precedes Major Options Expiry



In an extraordinary display of market dynamics, Bitcoin futures open interest has escalated to a record-setting $38 billion, showcasing a robust 10% enhancement in Bitcoin's price over the preceding week. This remarkable increase underscores a burgeoning interest and speculative investment in the anticipated price trajectories of Bitcoin. Binance, acclaimed as the foremost cryptocurrency exchange globally, has disclosed an unparalleled BTC open interest, amassing to $8.4 billion.



This historic peak in Bitcoin futures open interest occurs as the cryptocurrency market braces for the expiration of Bitcoin and Ethereum options valued at $15.1 billion, a scenario poised to potentially catalyze heightened market volatility. The imminent options expiry is anticipated to provoke considerable price adjustments, as traders recalibrate their


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#Bitcoin, #BitcoinFutures, #BTC, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #OpenInterest, #Regulations

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