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Over $6.51 billion in Bitcoin and Ethereum options are due to expire on Nov. 24, potentially indicating heightened trading activity. A vast number of Bitcoin (BTC) and Ethereum (ETH) options are set to expire on Nov. 24, potentially influencing market dynamics. This comes in the wake of the U.S. DOJ’s
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Wintermute Asia, a branch of the algorithmic trading firm Wintermute Group, has executed its first options block trade through CME Group, marking a significant collaboration between crypto and traditional financial markets. Wintermute Asia, a subsidiary of the algorithmic trading giant Wintermute Group, marked a significant milestone in the landscape of cryptocurrency
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At press time, notional options open interest had dropped back to $13.8 billion. In contract terms, open interest stood at over 376,000 BTC, nearly double the October 2021 tally, but well short of the record 433,540 BTC of March this year. On Deribit, one options contract represents one bitcoin. Source
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Traditionally, options are used to mitigate risk, although some speculators use them like futures to amplify returns. Bulls typically buy puts to protect against a potential downside, while bears use call options to protect from a sudden upswing in prices. Efficient use of options is contingent on a thorough understanding
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While WisdomTree is expanding its investment options with Bitcoin, the asset manager has also decided to liquidate five of its ETFs. WisdomTree, one of the major players in the financial industry, is considering the addition of Bitcoin (BTC) as part of its commodity exchange-traded fund (ETF), providing its customers with exposure
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The market for options related to Ethereum (ETH) saw a significant increase in the trading of call options, with over 140,000 contracts traded on Oct. 30. These numbers indicate bullish sentiment among prominent investors. Bullish sentiment among investors According to the Oct. 30 post from Greeks Live, the solution provider for crypto options
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The recent gains are a rare sight in 2023, even considering Bitcoin's impressive 108% year-to-date performance. Notably, the last instance of such price action occurred on March 14 when Bitcoin surged from $20,750 to $26,000 in just two days, marking a 25.2% price increase.Deribit BTC options daily volume, in BTC.
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The crypto options market is booming. The notional open interest, or the dollar value locked in active bitcoin and ether options contracts on leading exchange Deribit has risen to $20.64 billion, according to data tracked by Switzerland-based Laevitas. The tally nearly parallels the peak registered on Nov. 9, 2021, when
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"The milestone has been achieved with nearly double the number of outstanding contracts, representing not just a substantial triumph for Deribit, but also a clear indicator of the broader market growth and the escalating interest in options among our clients," Luuk Strijers, chief commercial officer at Deribit, told CryptoX. Deribit
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