“Do not be surprised if the purchase activity takes up the spectrum of BTC products,” said Coindesk in the Tuesday edition of the Crypto Daybook America, presenting an optimistic case for Bitcoin.
While the Bitcoin price (BTC) has reached new heights for lifetime over $ 111,000 during the Asian negotiation hours on Thursday, it stimulated record activity on the market for drunk options.
Open notional interest (OI), or dollars value in the number of active or open options, has reached a record of $ 42.5 billion, Deribit CEO, the CEO of deribit, told Coindesk.
The options are derivative contracts that give the right but not the obligation to buy or sell the underlying asset at a predetermined price on a later date. A call gives the right to buy, representing an implicit bull bet on the market, while an option of sale offers insurance against price slides.
BTC’s decision to record traders saw the traders upwards thanks to higher typing purchase options.
“Most of the strikes negotiated in the past 24 hours: $ 120,000 and $ 130,000 call on May and June expiration. The highest OI is now at the strikes of $ 110,000, $ 120,000 and $ 300,000 on June 27 – showing an optimistic conviction,” said Strijers.
Deribit is the greatest exchange of crypto options in the world, representing almost 80% of the global activity of crypto options. The scholarship also offers exchange of perpetuates and cash markets. The overall open interest between crypto options and perpetual term segments has also reached a record summit of more than $ 45 billion.
COUNBASE DE CRYPTO EXCHANGE listed on the stock market has planned to acquire a exchange derivative derivation as part of an agreement of $ 2.9 billion.
Read more: In the agreement of $ 2.9 billion, Coinbase agrees to buy drunken to enlarge the American market of Crypto options
