According to derivatives market data, as the indicator approaches the high captured on January 7, 2021, the open position of Bitcoin options has reached $9.6 billion. In addition, the total open positions of Bitcoin futures are steadily approaching an all-time high.
Although the cryptocurrency spot market has been integrated, the bitcoin-based derivatives market is still in action. At the time of publication, the open positions of Bitcoin futures and options have increased significantly.
For example, researchers at skew.com recently Tweet “Bitcoin Futures Open Interest” [is] Quickly rebounded to a record high. “Also skewed Add to The Chicago Mercantile Exchange Group is now the largest open position. data Bitcoin futures trading from exchanges shows that open interest continues to rise.
In terms of today’s bitcoin futures holdings, Okex holds the rope, followed by platforms CME and Binance. The three leading bitcoin derivatives markets are followed by Huobi, Bybit, FTX, Bitmex, Deribit, Bitfinex, Kraken and Coinflex.
In addition to Bitcoin futures, which are close to the highest level in history, Ethereum futures and options have also appeared Increase in demand And the spot market for crypto assets Close to historical high The same skew analysis shows that the total interest of ETH options is approximately $1.7 billion, while Deribit is $1.5 billion. Deribit’s ETH options open positions are followed closely by Okex ($153 million), Bitc.com ($41 million) and Huobi ($9.7 million).
In addition to the demand for cryptocurrency futures, Bitcoin options also increased significantly in the first month of 2021. It is estimated that the notional value of all open Bitcoin options positions is $9.6 billion, and the expiration date is set for January 29, 2021.
The cryptocurrency exchange Deribit has the largest share of BTC options with 84.37% ($8.1B) of open positions. It is followed closely by Deribit, whose derivatives platforms include Okex ($511 million), Bit.com ($470 million), CME ($398 million), Ledgerx ($176 million) and Huobi ($9.4 million).
In the past six months, the total number of open positions in Bitcoin options has gradually increased.24-hour data from Bybit Length/space ratio It shows that short positions have risen by 50.64%, while long positions have risen by 49.36%.
According to the data of Tradingview, BTC long and short from Bitfinex show that the long is increase and BTC/USD short Has been kept low.
The lifetime historical high of BTC only hit $42,000 12 days ago, which is the result of increased demand for Bitcoin-based derivatives. At the time of release, the spot market price of BTC/USD was still down 11.8% since it hit the $42k handle.
At the same time, with 258,818 BTC of open options contracts, 99,753 BTC or $3.7 billion will expire within ten days.
What do you think of the recent increase in open positions in bitcoin derivatives such as futures and options? Let us know your thoughts on this topic in the comments section below.
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