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Deribit CEO: BTC options worth about 3 billion USD will expire on November 8th, with relatively strong bullish sentiment

Deribit CEO: BTC options worth about 3 billion USD will expire on November 8th, with relatively strong bullish sentiment

Bitget2024/11/05 14:01
BTC+0.28%

Deribit CEO Luuk Strijers said, "As the U.S. election approaches, we have observed an intensification of market expectations. Currently, there are about 3 billion dollars worth of open futures contracts set to expire on November 8th. The execution prices for Bitcoin call options are respectively $70,000, $75,000 and $80,000 which indicates a relatively strong bullish sentiment." (TheBlock)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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