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Ethereum takes the lead over Bitcoin in derivatives trading volume Ethereum takes the lead over Bitcoin in derivatives trading volume

Ethereum takes the lead over Bitcoin in derivatives trading volume

with insights from CoinGlass

Options traders scale back in Bitcoin market while Ethereum sees rise in open interest following SEC spoof.

Ethereum takes the lead over Bitcoin in derivatives trading volume

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Amid a tumultuous week where a compromised SEC tweet set the crypto markets on a rollercoaster, the unforeseen market reactions culminated in a staggering loss for Bitcoin. As the dust begins to settle, our analysis reveals the undercurrents of trader behaviorโ€”some fled the scene, while others stood their ground, strategizing for the long haul. But, amidst this chaos, one cryptocurrency displayed an intriguing divergence.