Aggregated open interest on Bitcoin, Ethereum options hit all-time highs this weekend

Cryptocurrency • November 23, 2020, 12:24PM EST
UPDATED: July 14, 2021, 11:56AM EDT
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The aggregated open interest on bitcoin options reached $4.53 billion on Nov. 22, having grown $1.13 billion since Nov. 15.

That’s nearly a 25% increase in a week, according to data from The Block Research.

In addition to Bitcoin, the aggregated open interest on Ethereum options reached $780.05 million. Ethereum option open interest jumped $221.09 million, or 39.5%, in a week, according to The Block Research. 

Open interest on crypto options has been rising steadily since October, setting all-time highs in the months prior.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.