Even though $BTC isn't quite at its all time highs, the CME Options Open Interest levels are at all time highs and have been going up sharply recently. There will be the occasional expirations just like this Friday which causes the sharp drops on the chart.
This seems to be a growing market for TradFi as the crypto sector itself has seen a lot of love and has been growing.#BTC Reserve Market Impact
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Even though $BTC isn't quite at its all time highs, the CME Options Open Interest levels are at all time highs and have been going up sharply recently. There will be the occasional expirations just like this Friday which causes the sharp drops on the chart.
This seems to be a growing market for TradFi as the crypto sector itself has seen a lot of love and has been growing.#BTC Reserve Market Impact