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Bitcoin Options Open Interest Spikes Amid Fresh Predictions for BTC and Altcoins Trend in the Months Ahead

It has been noted that most times Open interest often spiked before the date of expiration in the case of every monthly and quarterly expiry. Bitcoin (BTC) is presently trading at $10,660.

Options refer to derivative contracts that give the holder the right (though not an obligation) to purchase or sell an underlying asset at a predetermined price.

“Strike price” refers to the predetermined price at which the asset is bought or sold. This is different from the spot price which is the actual market price.

A put contract is an options contract that allows the holder the right to sell a specified amount of an underlying asset at a fixed time within a specific duration, whereas a call contract gives the holder the right to sell the underlying asset under similar prerequisites.

Courtesy: Skew.com

Fresh Predictions for BTC and Altcoins Trend in the Months Ahead

Image Credit: Skew.com, Shutterstock

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