- Over $1 billion in Bitcoin options open interest is due to expire on June 26th.
- Bitcoin options open interest continues to rise prior to the massive expiration.
The Bitcoin options open interest recent parabolic rise created fueled several headlines in the crypto space. However, over $1 billion worth in Bitcoin options open interest is due to expire in less than a week. The CME platform also saw a massive expiration last month, but just a fraction of the looming June 26 expiration.
According to Skew, a cryptocurrency data analytics platform, over 111,000 Bitcoin worth of Bitcoin options open interest is due to expire in under a week.
Open interest is calculated by the outstanding contracts at the end of the trading day. As a result, open interest can help quantify market interest in a particular asset.
Open Interest Approaches $2 Billion
Despite the impending expiration, open interest has been rising at a rapid pace. According to data by Skew, the aggregate Bitcoin options open interest has crossed $1.7 billion.
Moreover, Bitcoin options open interest on CME has been soaring in recent months, reaching new highs regularly.
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