Bitcoin and Ethereum open interest rate on Deribit, the world’s largest cryptocurrency options exchange, has reached an all-time high.
Powered by Deribit to data according to 8 December day on the platform Bitcoin (BTC) And Ethereum (ETH) open position amount all time high (ATH) the one which… to 25 billion dollars rose. This issue was just a few weeks ago 15 billion dollars was at the level.
Bull market in October 2021 The amount of open positions on the stock market is only 14.36 billion It was hovering around USD. Latest data shows that the current situation is similar to the previous bull market. almost twice as much It has revealed that it is.
Aforementioned 25 billion dollars your position $16 billion from Bitcoin $7.6 billion Stating that the exchange also comes from Ethereum, the exchange stated that it is used in permanent and futures contracts in this account. $2.2 billion also included:
Notional open interest in Deribit options reached a new ATH of $16 billion in Bitcoin options and $7.6 billion in outstanding Ethereum options, accumulating total transactions of $23.6 billion.
Adding the $2.2 billion in perpetual and forward OI, Deribit surpassed the $25 billion milestone for the first time.
This increase in open positions is related to option markets. An indicator of growing interest and ample liquidity It was interpreted as.
Open position refers to the total number of option contracts that have not yet been exercised. It is understood that when there is an increase in open position data, investors create new contracts specific to the parity in question and add them to their existing contracts.