Ethereum (ETH) options trading on Deribit and OKEx reached record levels in recent days, as the price of ether has increased. Deribit saw $20 million traded yesterday and OKEx has seen $12 million liquidated over the past three days.
The increased activity in options trading is not an indicator of future price changes. Nevertheless, the activity reveals that ether traders are taking an active role in the market — and increased activity often results in price movements.
Bitcoin has also seen substantial increases in options trading in recent weeks. Open interest in Bitcoin has reached all-time highs. Deribit Bitcoin options also hit all-time highs in recent weeks.
Additionally, Friday saw the closure of nearly 33K BTC in open interest. Nevertheless, the market price did not change substantially.
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Jon Buck
With a background in science and writing, Jon's cryptophile days started in 2011 when he first heard about Bitcoin. Since then he's been learning, investing, and writing about cryptocurrencies and blockchain technology for some of the biggest publications and ICOs in the industry. After a brief stint in India, he and his family live in southern CA.
With a background in science and writing, Jon's cryptophile days started in 2011 when he first heard about Bitcoin. Since then he's been learning, investing, and writing about cryptocurrencies and blockchain technology for some of the biggest publications and ICOs in the industry. After a brief stint in India, he and his family live in southern CA.
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