Derivatives Market Breaks Multiple Records as Bitcoin Touched $16,000

Derivatives Market Breaks Multiple Records as Bitcoin Touched $16,000

THELOGICALINDIAN - Bitcoin derivatives platforms saw huge volumes for options and futures affairs as the arch crypto accomplished for 16000

Both the absolute accessible absorption for BTC futures and options bankrupt new annal today as Bitcoin affected its annual aerial of $15,968 on Bitstamp. 

Bitcoin Traders Break Volume Records 

Bitcoin futures traders logged a circadian aggregate of $41 billion, $2 billion beneath than the token’s best high. However, the absolute accessible absorption (OI) for BTC futures surpassed $5.7 billion, a new record. 

The options affairs aggregate abstracts for Bitcoin is appropriately bullish. The absolute aggregate for BTC options OI beyond $3.5 billion, a new aerial for the metric. Moreover, the Deribit barter saw trading volumes accounting for 84% of the absolute OI. 

Deribit is the largest options trading platform, with 80% of the absolute bazaar volume. 

Nevertheless, the position abstracts of derivatives traders is still not yet euphoric. 

For example, the aftermost time futures OI was at $5.7 billion, the allotment amount for abiding swaps was 0.055%. Currently, this amount is at0.006%. 

Options traders, on the added hand, recorded an access in abrogating interest. The put-to-call arrangement for BTC options rose from 0.56 to 0.69, appearance an access of put positions. 

Still, if accomplished acme in the put-to-call arrangement of options or the allotment amount for futures is taken as reference, there is abundant added allowance for advance in Bitcoin amount from a derivatives perspective. 

In the aftermost two days, over $75 actor accept been asleep in shorts on BitMEX alone

This is appreciably low from the levels in the accomplished back liquidations attempt up to hundreds of millions. 

It credibility out that atom buyers are active the accepted balderdash run and accept taken out abbreviate derivatives players aggravating to assumption the top.