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


First found on: Cryptonews from Coinatory