IBIT Options Volume Soars as Bitcoin Dips Towards $60k Amidst Instability
IBIT Options Volume Soars as Bitcoin Dips Towards $60k Amidst Instability
Options tied to BlackRock’s iShares Bitcoin Trust (IBIT) witnessed a record-breaking trading day, with 2.33 million contracts changing hands. This unprecedented volume occurred as Bitcoin experienced a significant slide, approaching the $60,000 mark and highlighting market instability and panic.
Bitcoin’s slide toward $60,000 came with the usual noise from exchanges, but the sheer size of the panic was evident somewhere else. Options tied to BlackRock’s iShares Bitcoin Trust (IBIT) traded about 2.33 million contracts in a single trading day, a record that arrived right as price was at its most unstable. At the same […]
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