Open interest in Bitcoin options contracts exceeds futures contract holdings
According to data from blockchain analytics company Glassnode, for the first time, the amount of open interest in Bitcoin options contracts ($10.3 billion) has exceeded the holdings of futures contracts ($10 billion). Futures open interest has been relatively flat in 2023. This stemmed from heavy call option buying as investors began to speculate on higher USD BTC prices.
According to data from blockchain analytics company Glassnode, for the first time, the amount of open interest in Bitcoin options contracts ($10.3 billion) has exceeded the holdings of futures contracts ($10 billion). Futures open interest has been relatively flat in 2023. This stemmed from heavy call option buying as investors began to speculate on higher USD BTC prices.