Record CME BTC Open Interest Indicates Institutional Bullishness on Bitcoin Price

Bitcoin’s (BTC) options markets are experiencing significant growth at CME. Recently, reports indicated that the trading volume over the past ten days exceeded $140 million, driven by institutional investors engaging with call options.

A call option gives its buyer the right to purchase an asset at a fixed price on a specified date. In exchange for this opportunity, the buyer pays an upfront premium to the seller of the call option.

The rising open interest in Bitcoin options suggests that institutions are optimistic about the future price of Bitcoin.