Bears reign as 86% of September’s $284M CME Bitcoin options are worthless
cointelegraph.com
This means there will be less pressure coming from the CME options expiry, with $8 million call options open interest ranging from $10K to $11K. Unlike CME, Deribit traders have been more modest as only 70% of the call options open interest for September sits at $11,250 and above.
CME has $284 million worth of BTC futures set to mature on Friday, although this figure should be reduced as traders move positions to October and November contracts. As of now, the $622 million total open interest for BTC futures expiry on Friday seems quite relevant, considering spot (regular) exchanges maintain $2 billion in daily volume.
Read in Full: cointelegraph.com
BTC |
$ 63031.99
|