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Bitcoin Options Contracts Reach All-Time-High Of $2.6 Billion

Emily Mason

Summary: The open interest on Bitcoin options contracts has reached an all-time-high of $2.9 billion, data from Skew shows.  The milestone comes five days after the October expiry which liquidated $400 million worth of options. As the options market continues to grow, investors are wondering what the impact of expiries will begin to have on Bitcoin's ...

The open interest on Bitcoin options contracts has reached an all-time-high of $2.9 billion, data from Skew shows. 

The milestone comes five days after the October expiry which liquidated $400 million worth of options. As the options market continues to grow, investors are wondering what the impact of expiries will begin to have on Bitcoin's price. 

The put-call ratio indicates traders are optimistic about Bitcoin's price action. The liquid derivatives markets are allowing larger players to hedge and enter the spot market, as reported by Cointelegraph.

By Emily Mason

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