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CME November BTC call options nominal value exceeds 350 million US dollars
Golden Finance reported that Joshua Lim, co-founder of cryptocurrency broker Arbelos Markets, stated that the BTC Derivatives market on the Chicago Mercantile Exchange (CME) has recently experienced its busiest days. This market is favored by mature and traditional institutional participants. Data shows that the notional value of BTC call options in November exceeded $350 million in the past week, with a break-even price of approximately $79,300 by the end of November, indicating that these traders expect to profit from the pump in BTC price next month. Joshua Lim said, "This may be a good sign, indicating that as the asset class matures, the Liquidity of the encryptionDerivatives market will continue to rise."