The total amount of funds in (USD value) allocated in options contracts.

Options open interest just hit a new all-time high of 468,000 Bitcoin, equivalent to roughly $13 billion.

This is the same notional value during the 2021 bull run — showing how many Bitcoin are allocated into options contracts.

The strike price for March 31 shows a huge dominance for calls around $30,000 — set to place further resistance on the $30,000 mark.

(By James Van Straten)