Bitcoin Open Interest Reaches Record $94 Billion
Deribit traders are favoring $140,000 call options as open interest hits an unprecedented level.
BTC
Summary
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Terms & Concepts
- Open Interest: The total number of outstanding derivative contracts, such as futures or options, that have not been settled.
- Call Option: A financial contract that gives the holder the right, but not the obligation, to buy an asset at a specified price within a certain time period.
- Deribit: A cryptocurrency derivatives exchange offering futures and options trading for assets like Bitcoin and Ethereum.