Open interest on Bitcoin futures and options had achieved all-time highs in recent weeks. However, this Friday will see a huge number of those open contracts expire.
Futures and options contracts remain open until a closure date. That date requires traders to either buy or sell the Bitcoin at the contract price. This Friday, the equivalent of 33,000 BTC in open orders will close. The volume is approximately half of all open interest in both products.
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Jon Buck
With a background in science and writing, Jon's cryptophile days started in 2011 when he first heard about Bitcoin. Since then he's been learning, investing, and writing about cryptocurrencies and blockchain technology for some of the biggest publications and ICOs in the industry. After a brief stint in India, he and his family live in southern CA.
With a background in science and writing, Jon's cryptophile days started in 2011 when he first heard about Bitcoin. Since then he's been learning, investing, and writing about cryptocurrencies and blockchain technology for some of the biggest publications and ICOs in the industry. After a brief stint in India, he and his family live in southern CA.
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