Options open contracts hit new ATH – 468K Bitcoin

Quick Take The total amount of funds in (USD value) allocated in options contracts. Options open interest just hit a new all-time high of 468,000 Bitcoin, equivalent to roughly $13 billion. This is the same notional value during the 2021 bull run — showing how many Bitcoin are allocated into options contracts. The strike price for March 31 shows a huge dominance for calls around $30,000 — set to place further resistance on the $30,000 mark. <img class="wp-image-310957 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/03/OOI.png" alt="Options Open Interest BTC: (Source: Glassnode)" width="1800" height="1013" srcset="https://cryptoslate.com/wp-content/uploads/2023/03/OOI.png 1800w, https://cryptoslate.com/wp-content/uploads/2023/03/OOI-300x169.png 300w, https://cryptoslate.com/wp-content/uploads/2023/03/OOI-1024x576.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/03/OOI-768x432.png 768w, https://cryptoslate.com/wp-content/uploads/2023/03/OOI-1536x864.png 1536w" sizes="(max-width: 1800px) 100vw, 1800px" /> Options Open Interest BTC: (Source: Glassnode) <img class="wp-image-310958 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/03/OOI1.png" alt="Options Open Interest USD: (Source: Glassnode)" width="1800" height="1013" srcset="https://cryptoslate.com/wp-content/uploads/2023/03/OOI1.png 1800w, https://cryptoslate.com/wp-content/uploads/2023/03/OOI1-300x169.png 300w, https://cryptoslate.com/wp-content/uploads/2023/03/OOI1-1024x576.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/03/OOI1-768x432.png 768w, https://cryptoslate.com/wp-content/uploads/2023/03/OOI1-1536x864.png 1536w" sizes="(max-width: 1800px) 100vw, 1800px" /> Options Open Interest USD: (Source: Glassnode) <img class="wp-image-310965 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/03/strike-price.png" alt="Options Open Interest by strike price: (Source: Glassnode)" width="1800" height="1013" srcset="https://cryptoslate.com/wp-content/uploads/2023/03/strike-price.png 1800w, https://cryptoslate.com/wp-content/uploads/2023/03/strike-price-300x169.png 300w, https://cryptoslate.com/wp-content/uploads/2023/03/strike-price-1024x576.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/03/strike-price-768x432.png 768w, https://cryptoslate.com/wp-content/uploads/2023/03/strike-price-1536x864.png 1536w" sizes="(max-width: 1800px) 100vw, 1800px" /> Options Open Interest by strike price: (Source: Glassnode) The post Options open contracts hit new ATH – 468K Bitcoin appeared first on CryptoSlate .

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