Total open interest in Bitcoin (BTC) and Ethereum (ETH) options contracts reached one of its highest levels, exceeding $20 billion.
According to data shared by Switzerland-based Leavitas, crypto derivatives exchange Deribit located on Bitcoin And Ethereum The value of open positions in option contracts increases with increases in prices. 20.64 billion to the dollar reached.
The level in question will reach the Bitcoin price on November 9, 2021. 66 thousand dollars It is located very close to the highest value when it is above. Bitcoin And of Ethereum Based on the price at that time actual contract amount There are more in the current situation.
Deribit Commercial Manager Luuk Strijers said in his statement on the subject: “We are at an inflection point, with Bitcoin and Ethereum contracts nearly doubling. This is a victory for the market as a whole.” He stated:
Yesterday many Bitcoin And Ethereum The options expired, but interestingly, they did not bring any extra volatility to the cryptocurrency market.
According to CoinGecko data, at the time of writing Bitcoin at $34,048, Ethereum at $1,786 finds buyers.