This week's crypto crash has led to some of the highest losses since the FTX collapse. Bitcoin's sharp decline below $50,000 has dramatically impacted the futures market, causing a massive reduction in leveraged positions. Interestingly, the options market remained relatively stable despite the chaos. While futures traders faced forced liquidations, options traders could hold onto their positions. However, what caused the second-highest options volume ever recorded, and why is there a discrepancy between the bullish open interest and the put-heavy trading volume? Discover the critical details inside...
Bitcoin’s crash wipes out $5 billion in futures OI but options remain stable Bitcoin’s crash wipes out $5 billion in futures OI but options remain stable
Bitcoin futures crumble under margin calls, but options trading volumes hit record highs.
3 min read
Updated: Aug. 7, 2024 at 12:53 am 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.
Deribit
Deribit is an institutional grade cryptocurrency derivatives platform that is a leader in the crypto options market.