The open interest in Bitcoin (BTC) options markets is presently above $12.6 billion

As of November 17, the open interest (OI) in Bitcoin options markets is presently above $12.6 billion, which is approaching all-time highs.

Notably, this level of Option OI has been sustained for about a month now. It is equivalent to the highs reached during March and April of 2021, according to the blockchain analytics and intelligence firm Glassnode. As per the prominent crypto data platform:

“Bitcoin Options markets currently have over $12.6 Billion in open interest, near all-time-highs. This level of Option OI has been sustained for around 1 month and is similar to the highs during March and April.”

It’s interesting to note that the open interest in options on all exchanges has climbed in line with the rise in the price of Bitcoin. The fact that the Options open interest was near its maximum in April, when Bitcoin achieved an all-time high, should not be overlooked.

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