🌋😱Record in Bitcoin options: Passed the '64 thousand dollars' period
The value of open positions in Deribit, which controls a large part of the crypto options market, has risen to a record high.
The figure in question was stretched to $6 million in September. Last week, the ISE increased to over $ 15 billion. This level has been recorded as a new peak. Before that, the record level was recorded on October 20, 2021 with $ 14 million 360 million. At that time, the price of Bitcoin was also over 64 thousand dollars.
This week marked an important turning point in the crypto market, as the total open interest in BTC options exceeded that of BTC futures for the first time.
In addition, we have achieved a new milestone by October by reaching ATH with a conceptual open interest of $ 15 billion on BTC options!.
What does the new advertisement mean?
"This study shows that hedging and profit-maximizing options are increasingly preferred, " said Luuk Strijers, Deribit management. The value of their open positions surpassed the BTC futures for the first time. This change reveals the maturity of the market and that it is becoming softer." he commented.
Sundays pay, Strijers added, finally, 85 percent of Deribit's market pay in Bitcoin operations.
