The notional value of open interest in Bitcoin options on Deribit once exceeded $15 billion, reaching a record high

Odaily News Last Friday, the notional value of open interest in Bitcoin options on Deribit reached an all-time high of $15 billion. That number has more than doubled since late September, surpassing the peak of $14.36 billion during the October 2021 bull market. At the time, Bitcoin was trading above $60,000; today, Bitcoin is around $37,200. As of press time, the notional value of Bitcoin options open interest has fallen back to $13.8 billion; open interest positions exceed 376,000 BTC, almost double the level in October 2021, but well below the record 433,540 in March this year BTC. (CoinDesk)