Bitcoin’s price and trading volume are on the rise, along with its open interest in Bitcoin options reaching unprecedented levels, surpassing $17 billion.

A previous all-time high of $16.35 billion had been recorded just before this latest surge.

Market Hype Continues for Bitcoin Options

Investors possess the right to buy or sell an asset at a predetermined price on a future date through options. An increase in the open interest in Bitcoin options is viewed positively by the market. It indicates a surge in investor funds flowing into the market.

At the initiation of the contract, the execution price is set, and the cost of obtaining the option, known as the premium, is paid at that moment.

On November 10, open interest in Bitcoin options reached a brief peak at $18.05 billion, marking its highest point. At the time of publi

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Author: Ciaran Lyons

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