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08 March 2021

Data show bulls are in charge of this month’s $3.2B Bitcoin options expiry

Data show bulls are in charge of this month’s $3.2B Bitcoin options expiry


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Data show bulls are in charge of this month’s $3.2B Bitcoin options expiry.

After a 160% increase over the past 3 months, the open interest on Bitcoin (BTC) options reached a new record-high at $12 billion.

Although Friday's $3.2 billion expiry could negatively impact the market, these options are split among calls (neutral-to-bullish) and the more bearish put options.

26 expiry, 58,500 BTC contracts remain open and this is equivalent to $3.2 billion.

The more bullish call options ranging from $36,000 to $56,000 amount to 17,670 BTC contracts, which is equivalent to $955 million in open interest.

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cointelegraph.com
Market data feeds provided by cryptocompare.com
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