Bitcoin's recent volatility sent shockwaves through the derivatives market, particularly between June 23 and June 27 when BTC's value slipped below the crucial $60,000 mark. This price movement triggered a cascade of events. Open interest in Bitcoin futures plummeted significantly due to margin calls and forced liquidations, creating a feedback loop of sell-offs. But while futures traders were pulling out, another curious trend was emerging in the options market. As futures OI fell, options OI did something surprising...
Bitcoin volatility sees futures slump, while options open interest spikes Bitcoin volatility sees futures slump, while options open interest spikes
Open interest in Bitcoin futures dropped to its lowest point since May, while options markets saw increased activity as traders sought to hedge against volatility.
3 min read
Updated: Jun. 27, 2024 at 11:59 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
