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$1 Billion Worth of BTC Open Interest Expiring In A Week
Summary: NewsBTC reported that almost $1 billion worth of open interest in Bitcoin options, which accounts for 60% of all options open interest, will expire on June 26.
NewsBTC reported that almost $1 billion worth of open interest in Bitcoin options, which accounts for 60% of all options open interest, will expire on June 26.
According to Bitpush Market Data, BTC is now trading at $9,346.33. The largest cryptocurrency by market value has been fluctuating between $9275 and $9400 for a couple of days, showing a flat performance. The low volatility may end soon with the expiration of BTC open interest. A break is close at hand.
Open interest refers to the sum of outstanding derivatives contracts held by market participants. A high open interest may indicate a keen interest from traders.
By Dawn Wu
Tags: Bitcoin (BTC),Open Interest
Link: $1 Billion Worth of BTC Open Interest Expiring In A Week [Copy]
