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Bitcoin Options Open Interest Reaches $2B — Should BTC Traders Worry?

Open interest on Bitcoin options reached $2 billion but should traders be worried that the majority of August options appear worthless? The open interest on Bitcoin (BTC) options contracts has returned to $2 billion after briefly surpassing the level ahead of the July expiry. Since the beginning of 2020 the BTC options market has grown […]

After Bitcoin Plunged 7.5% in Minutes, Traders Fear the Worst Is Yet to Come

An hour ago, the price of Bitcoin suddenly faltered after days of non-action, crashing from the $6,700 base where it had traded at for much of Friday to $6,250 within a few minutes’ time. As a result, at least $20 million worth of long positions on BitMEX were liquidated, while millions more probably bit the dust on other […]