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Over $4 Billion in Bitcoin Options Set to Expire Friday, BTC Derivatives Markets Still Frothy

Bitcoin options markets are set to see a large expiry on Friday as more than 77,000 BTC worth over $4 billion in derivatives contracts are set to expire. The lion’s share of bitcoin options stems from the derivatives trading platform Deribit, as the exchange has more than $11 billion in open interest today. Sizzling Hot Bitcoin Options Markets Continue to Bubble, Traders Brace for Max Pain Crypto derivatives markets, particularly futures, perpetual swaps, and options have continued to see relentless demand in recent weeks. As far as options are concerned, a great number of puts and calls will expire in…

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Glass half full: Bitcoin options traders neutral after 28% BTC price dip

Bitcoin options data shows pro traders are neutrally positioned despite BTC's dip to $47,000 and the subsequent 15% recovery. Bitcoin (BTC) might have recovered from the $47,000 low seen on April 25, but the subsequent 15% bounce was not enough to bring optimism to the BTC options markets. Even at the present $54,000 level, the price remains 17% below the $64,900 all-time high reached on April 14. The popular Crypto Fear & Greed Index reached its lowest level in 12 months, signaling thatinvestors are closer to "extreme fear," which is a complete reversal from the "extreme greed" level seen on…

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BTC Futures Open Interest Hits $23B, Binance Captures Lion’s Share, Signals Say 43% Chance of $64K Bitcoin by Month’s End

Bitcoin futures open interest on Monday has crossed $23 billion according to data recorded on April 5. The crypto asset exchange Binance has taken the lead as far as open interest in bitcoin futures is concerned with a massive $10.5 billion in open interest. Binance Captures the Bitcoin Futures Lead Not too long ago, Bitcoin.com’s newsdesk reported on CME Group capturing the lead as far as open interest in bitcoin futures. Today, that’s no longer the case, as Binance has jumped ahead of the pack as far as delivering futures derivatives products for BTC. Skew.com analytics indicates that Binance is…

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Crypto derivatives exchange Deribit launches bitcoin volatility index

CryptoNinjas » Crypto derivatives exchange Deribit launches bitcoin volatility index Deribit, a crypto derivatives exchange company, has announced the launch of its Bitcoin Volatility Index, DVOL. The next goal for the Deribit team is to launch futures on this index; which will enable traders to take a position based on the market view on near-term volatility. Features DVOL uses the implied volatility smile of the relevant expiries to output one number that gives a gauge of the 30 day-annualized implied volatility. In traditional market’s, the volatility index is known as a “fear gauge” — when looking at implied volatility in…

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Over $6B in Bitcoin Options Set to Expire Today, April Contracts Show Bets for $80K per BTC

A number of options traders are betting that bitcoin prices will tap $80,000 by May 2021. Meanwhile, over 100,000 bitcoin options worth more than $6 billion are set to expire on Friday, smashing the previous record expiry seen in January. $6 Billion in Bitcoin Options Set to Drop, April Bets Target $80,000 per Bitcoin Today on March 26, 2021, the crypto ecosystem is about to witness one of the largest options expiries to-date as more than 100k bitcoin options will expire. Today’s $6 billion worth of expiries exceeds the last record back in January when $4 billion worth of bitcoin…

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Options traders target $80K by May, Skew suggests just 6% chance they’re right

Options traders are betting big that BTC will be above $80,000 on April 30, but analytics provider Skew thinks there is a 94% chance their positions will be worthless. With Coinbase’s highly anticipated direct listing IPO expected to take place next month, options traders appear to be betting that Bitcoin will once again soar to new all-time highs in the coming weeks. On March 24, the founders of crypto analytics firm Glassnode tweeted data suggesting that options traders on peer-to-peer crypto derivatives exchange, Deribit, are loading up on contracts set to expire on April 30 with a strike price of…

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460k Ethereum options expire: how will it affect the price?

This week saw increased volatility in the crypto market, not only due to the expiry of Bitcoin contracts but also because of the expiry of Ethereum contracts. Nearly 460,000 ETH options are set to expire on Friday that made up for almost $450 million in open interest. Source: Skew This will be the largest expiration date for Ethereum and the options exchange Deribit, which is currently the largest venue offering ETH options contract. Deribit accounts for nearly 90% [414k ETH] of the total ETH contract set to expire of 25 September, followed by almost 77% [67k BTC] of BTC contracts…

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Turbulent Crypto Markets Expected – 87K Worth of Bitcoin Options Set to Expire on Friday

Markets are expected to be volatile this week, as a great number of bitcoin and ethereum options are set to expire this Friday. Data shows more than 87,000 bitcoin options will expire and 77% of the action is held on the Deribit exchange. U.S. stocks dropped hard on Monday, as the Dow Jones Industrial Average dropped more than 700 points during the stock market’s afternoon trading sessions. Meanwhile, bitcoin (BTC) took a hit on spot markets dropping over 4% in value. A number of other cryptocurrencies like ethereum (ETH -8%) lost even bigger percentages on Monday. However, crypto analysts are…

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Bitcoin Options Traders Bet the Price of BTC Can Touch $36K by December

This past weekend, data shows the most active bitcoin options contracts were calls for $28k, $32k, and $36k by the year’s end. This means a number of options traders are betting the price of bitcoin will exceed the all-time high (ATH) the decentralized currency touched in December 2017. On September 14, researchers from the data analytics firm Skew.com tweeted about an unusual number of call options for December 2020 that are well above the 2017 ATH. “[December 2020] $28k, $32k, [and] $36k calls among the most active bitcoin options contracts yesterday,” Skew tweeted. All of these calls are well above…

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Which way are Ethereum Options headed?

Ethereum Options volume, at the time of writing, had dropped to $4.9M on Deribit, a level last seen back in June 2020. Interestingly, such a drop to uncertain levels has put derivatives traders in previously unchartered territory. In fact, Options volume over the past week matches the level of BTC Options volume from January 2019, with the same having grown threefold since June 2020. For Ethereum, however, DeFi’s boom and congestion on the network have had a major impact, following which, its own figures plummeted below $5M.  Source: Skew However, this drop may just be the first in a series…

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Bitcoin no longer dictates market terms

The start and conclusion of August echoed a similar note for Ethereum; both witnessed the beginning of a bullish rally. In between, the markets were extremely choppy but according to Deribit’s August Institutional Newsletter, the altcoin registered another positive month in terms of derivatives activity. According to the newsletter shared with AMBCrypto, Ethereum’s turnover growth in August was more than $15 billion, registering a growth of 44 percent from July. Source: Deribit Further data suggested that 2,477,195 ETH option contracts were traded in August 2020, a 32% spike from July, and the total options turnover was $4.9 billion, a 15%…

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$80M worth of expired Ethereum Options contracts – Here’s what happened

The expiry of contracts worth $80M on 28 August 2020 was accompanied by a 3.29% change in Ethereum’s price on spot exchanges. Usually, major expiry events such as this affect the price of Ethereum since they bring about change in liquidity, Open Interest, and Put/Call ratios. However, off-late, the relationship between the expiry of contracts and spot prices has changed, despite the fact that the relationship still persists, which is perhaps why Ethereum’s derivatives market has risen as much as it has. A 24-hour price change of +3.29 % is perhaps the best evidence of the same. Further, it can…

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Crypto market remains bullish as $1B in Bitcoin derivatives expire

Major monthly Bitcoin options and futures expiry sees markets becoming bullish on BTC. Bitcoin derivatives witnessed a major expiry event with a notional value of over $1 billion. Today, $272 million of Bitcoin futures expired on the Chicago Mercantile Exchange, while over 65,000 Bitcoin options contracts expired across Deribit, CME and OKEx, having a notional value of over $740 million. Usually, major expiry events bring about a considerable change in volatility and price that can be seen through derivatives volumes, open interest and even put/call ratios. The Bitcoin (BTC) derivatives market, consisting mainly of Bitcoin futures and options, has grown…

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Crypto Derivatives Set New Records, ETH Futures Set All-Time Highs, CME Open Interest Spikes

Digital currency derivatives have been on fire during the last two weeks as ethereum futures volumes touched an all-time high on Sunday. The popular derivatives trading platform Deribit saw 1.9 million ETH contracts traded and CME Group is now the third-largest exchange in terms of bitcoin futures open interest. Data shows that cryptocurrency futures and options are seeing significant demand in 2020. Statistics from Skew.com, CME Group, The Tie, and Deribit indicate a lot of action has been happening in the land of crypto derivatives. Deribit’s recent newsletter shows that the exchange saw a new record in July as the…

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Bakkt Futures Volume Hits $122 million, as Bitcoin Reached New 11-Month High

Volumes on bitcoin futures offered by Bakkt set a record high on July 27, with 11,500 contracts traded on the institutional exchange. Altogether, the contracts are worth about $126 million, at the time of writing. Each contract is equivalent to one bitcoin (BTC). Total open interest – an indicator of the total number of outstanding contracts held by investors – reached $8 million from a low of around $4 million a few days earlier, showing that more money is flowing into the marketplace. In a tweet, Bakkt said: “Our bitcoin futures reached a new record high of 11,509 contracts traded…

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