The open interest on Bitcoin (BTC) options contracts has reached a new all-time high at $2.9 billion. Interestingly, this feat happened only five days after the October expiry, which liquidated $400 million worth of options.

Over the past six months, the options market has grown three-fold, causing investors to grow more curious about the potential impact upcoming expiries will have on Bitcoin price.

Reference: https://cointelegraph.com/news/record-2-9b-bitcoin-options-open-interest-follows-btc-rally-to-14-259