Jump to content

Bitcoin and Ethereum Options: Fluctuating Open Interest and Surging Trading Volumes in December

Recommended Posts

According to data from The Block Pro, there was a general decline in the open interest of Bitcoin and Ethereum options in December. The open interest for Bitcoin options witnessed a decrease of 15.6%, while Ethereum options saw a decrease of 5.5%. However, there was a widespread increase in the trading volume of Bitcoin and Ethereum options. Bitcoin options' trading volume surged by 17.3% in December, reaching $37.9 billion, marking the highest single-month trading volume in history. Ethereum options' trading volume increased by 5.9% to reach $15.3 billion.

Link to comment
  • 1 month later...
On 18/02/2024 at 14:31, gamred said:

I think the fluctuating open interest and surging trading volumes of Bitcoin and Ethereum options in December show that the crypto market is becoming more mature and sophisticated. Options are derivatives that give the buyer the right, but not the obligation, to buy or sell an underlying asset at a specified price and time. They are useful for hedging, speculation, and income generation. The increase in trading volume indicates that more traders are using options to take advantage of the volatility and price movements of Bitcoin and Ethereum. The decrease in open interest suggests that some traders are closing their positions or rolling them over to the next expiry date. This could be due to profit-taking, risk management, or changing expectations. Overall, I think the crypto options market is growing and evolving, and it offers more opportunities and challenges for traders who want to diversify their portfolio and strategies.

There’s gona be longer wait time , but nothing we can do about it , being an empath it just physically hurts me to know some of us are gonna be hurt . I don’t want you to feed my ego calling me right , I’m showing you the data , I’m not a clairvoyant , I’m literally showing you historical data so you can see for yourself , make the most out of 2024 before it gets bad . Don’t let this price action bother your mental peace . It’s meant to do that . We are gonna have the biggest bull run ever . Wait for it...


This is us inflation data.It looks like inflation was tamed , but it didn’t , it came back down and look what happened. Whatever cuts they announce this year , 5-5.5% lock your mortgage for 3-5 years , it’s only gonna get worse in 2025 . 2024 is gonna be a year to remember in '25 & '26...


Link to comment
On 19/02/2024 at 19:19, gamred said:

I agree with your analysis of the crypto options market. The data from The Block Pro is very insightful and shows how the market is evolving and becoming more sophisticated. Crypto options are not only a way to bet on the price direction of the underlying assets, but also a way to diversify your portfolio, reduce your exposure, and enhance your returns. I think more and more traders will realize the benefits of crypto options and use them to their advantage. Crypto options are the future of crypto trading and I'm glad to be part of this exciting journey.




Link to comment
  • 1 month later...

Surely December was an eye-catching month for this fact: open interest in Bitcoin and Ethereum options actually fell, but what really leaps out was the surge in trading volumes. The trading volume of Ethereum options on its own grew to $15.3 billion, further illustrating the new traction ETH is bringing in. It's rather interesting to see the growth of Ethereum furthering ahead, more so with the potential for ETF approval rumors. Just a while ago, I read an article where an issue is raised about the SEC Could Approve Ethereum ETF. Take your time to check it out, and maybe you have more interesting views.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Crypto enthusiasts seeking high returns on their digital assets should look no further than Bitget's innovative PoolX event. This platform offers a unique opportunity to earn attractive APRs by pooling liquidity for various projects, providing participants with a chance to diversify their portfolios and maximize their earnings. In May 2024, Bitget PoolX witnessed impressive APRs across multiple projects. The image shows that USDT APR soared to 75.48%, while BTC and ETH APRs stood at 35.09% and 31.46%, respectively. These remarkable figures highlight the potential for substantial returns through PoolX participation. Other notable projects included ONG APR at 25.76%, NYAN APR at 22.25%, and APU APR at 16.61%. Even lower-ranking projects like DAOT, HODL, KATT, WSDM, and UDS offered respectable APRs, ranging from 14.9% to 12.73%. The success of the exchange PoolX lies in its ability to facilitate liquidity provision for various projects, allowing participants to earn rewards in the form of attractive APRs. By contributing liquidity to these pools, users not only support the growth of promising projects but also benefit from the potential upside as these projects gain traction and popularity. Looking ahead, the exchange PoolX is gearing up to introduce even more exciting projects in the coming months. Participants can expect a diverse range of opportunities, spanning various sectors and use cases within the crypto ecosystem. By staying up-to-date with the platform announcements and participating in these upcoming pools, users can position themselves to maximize their earnings and capitalize on the rapidly evolving crypto landscape.  
    • Wheat Elliott Wave Analysis Function - Counter Trend Mode - Corrective Structure -Zigzag for wave (B) Position - Wave A of (B) Direction - Wave A is still in play Details -  As it appears the decline from 720’4 will most likely continue lower, we have adjusted the previous count. Price is now very likely in wave A of (B) against the 523’6 low. Wheat Elliott Wave Analysis Since late May, wheat has declined over 14% from 720, indicating that the commodity has retraced approximately half of the impulse rally that occurred between March 11th and May 28th. In the medium term, the move from March 11th remains a positive correction of the long-term bearish trend that spanned from March 2022 to March 2024—a two-year trend.   Daily Chart Analysis: On the daily chart, wheat completed a bearish impulse wave from March 2022 at 523’6 in March 2024. Following this trend, a corrective phase was anticipated in the opposite direction. The impulse reaction that concluded wave (A) at the May 2024 peak is part of this larger bullish correction. Given that wave (A) is an impulse, we can expect at least a zigzag structure or possibly a double zigzag if the bullish correction extends over several months. Following the path of least resistance, a simple zigzag structure—wave (A)-(B)-(C)—is highly probable. Currently, the price is correcting wave (A) downwards in wave (B). Provided that the ongoing decline stays above 523’6, an extension higher is expected. However, wave (B) does not appear to be finished yet, as evident from the H4 chart.   H4 Chart Analysis: On the H4 chart, the price seems to be in wave A of (B), which is evolving into an impulse structure. We anticipate a typical zigzag structure for wave (B). The invalidation level at 523’6 should not be breached. If it is, the long-term bearish trend from March 2022 will likely resume, confirming that the bullish correction from March 2024 has concluded.   Summary: Wheat has seen a significant decline since late May, retracing half of its recent impulse rally. The medium-term trend from March 11th remains a positive correction within the context of a long-term bearish trend that lasted two years. On the daily chart, the completion of the bearish impulse wave in March 2024 was followed by a bullish correction, which is currently in wave (B) of a zigzag structure. The H4 chart suggests that wave A of (B) is forming an impulse structure, with expectations of a typical zigzag correction.   Traders should monitor the key level of 523’6. If this level holds, the bullish correction is likely to continue with a potential extension higher. However, a breach below 523’6 would invalidate this scenario, signaling a continuation of the long-term bearish trend.  Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here!  
    • ZkSync leverages zero-knowledge proofs to improve Ethereum's scalability, offering faster transactions with lower fees. Its use of zkRollups positions it as a promising solution for decentralized applications and DeFi platforms. On Bitget, traders can engage with ZkSync, taking advantage of the exchange's features like a user-friendly interface and robust security measures. While ZkSync presents an opportunity for growth, it's important for investors to conduct thorough research and consider the project's long-term potential in the evolving crypto landscape.
  • Create New...