Data: The notional value of open interest in Bitcoin options on Deribit exceeded $15 billion last week, a record high

According to Foresight News, CoinDesk reported that the notional value of open Bitcoin options contracts on Deribit reached $15 billion last Friday, a record high. This figure has more than doubled since late September, exceeding the peak of $14.36 billion during the bull market in October 2021. At that time, Bitcoin was trading at more than $60,000.

As of press time, the notional value of open interest in Bitcoin options has fallen back to $13.8 billion; open interest exceeds 376,000 BTC, nearly double that of October 2021, but still lower than the peak of 433,500 BTC in March this year.