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114,000 BTC Options to Expire This Week: Recent Skew Data

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Mon, 06/22/2020 - 13:27
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Yuri Molchan
Data provider Skew has spread the word that this Friday, almost 115,000 BTC are to expire with around $1 bln of notional value
114,000 BTC Options to Expire This Week: Recent Skew Data
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A major supplier of analytical data, Skew agency, has again reminded the community of Bitcoin investors that this week, on June 26, a gargantuan number of Bitcoin options will close.

The overall amount of options on BTC futures to expire later this week is 114,000. Their notional value equals $1 bln.

The surge of open interest on BTC options as of late signifies the increasing attraction of institutional investors in BTC.

Recently, one of the major exchanges dealing with BTC options – Deribit – also saw an OI on BTC options spike to 100,000 BTC.

The Skew data regarding Friday speaks cumulatively of several exchanges where these crypto derivatives are successfully traded.

Related
Bitcoin Needs to Decouple from Stocks to Hit New ATH: Weiss Ratings

The situation with BTC futures on Kraken does not look as good, however. Recent data reveals that the daily trading volume on this platform has dropped to a 3-month low.

It now constitutes $12,926,117, compared to $13,041,947 on June 14.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.