BTC Options Open Interest Surges, Traders Look to an Unfilled Bitcoin Futures Gap at $18K

BTC Options Open Interest Surges, Traders Look to an Unfilled Bitcoin Futures Gap at $18K


Bitcoin prices have been volatile during the last few weeks, but have managed to climb higher in value at the same time. This week bitcoin derivatives markets, specifically futures and options, show that crypto asset traders should expect more swings going forward. Some traders believe that the digital currency’s price could fill two unfilled gaps on CME Group’s Bitcoin Futures chart with an upward trajectory toward $18,000.

During the last few days, bitcoin (BTC) spiked over the $16k handle, as numerous cryptocurrency markets have seen some significant gains this week. On Sunday morning, November 14, 2020, BTC’s price slid under the $16k zone to a low of $15,750 during the early morning trading sessions (EST).

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The asset has regained some of the lost value and continues to fight the psychological $16k region at the time of publication.

Meanwhile, bitcoin derivatives markets have been seeing some intense action, as both futures and

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