Cheap' Options, Sharp Price Moves Fuel Crypto (BTC) Derivatives Boom
Muyao Shen and Vildana Hajric - Bloomberg
The forces that have re-awakened crypto prices have aroused activity in the digital-assets derivatives market too.
Open interest in Bitcoin options has skyrocketed, with the number of contracts rising to an all-time high in recent days, according to data from derivatives exchange Deribit. Looked at another way, there's also been an "astonishing increase" in Bitcoin open interest as measured in Bitcoin itself, according to Coinglass data compiled by Noelle Acheson, author of the "Crypto Is Macro Now" newsletter.
/jlne.ws/3n6GJ45
Muyao Shen and Vildana Hajric - Bloomberg
The forces that have re-awakened crypto prices have aroused activity in the digital-assets derivatives market too.
Open interest in Bitcoin options has skyrocketed, with the number of contracts rising to an all-time high in recent days, according to data from derivatives exchange Deribit. Looked at another way, there's also been an "astonishing increase" in Bitcoin open interest as measured in Bitcoin itself, according to Coinglass data compiled by Noelle Acheson, author of the "Crypto Is Macro Now" newsletter.
/jlne.ws/3n6GJ45