Positive Volatility Leads to 16-Month Bitcoin Price Record

23. Oct 2020 Posted by WorldCoinIndex on Derivatives report

WorldCoinIndex Derivatives Report 2020 Week 43. During this week, cryptocurrency prices have entered a considerable uptrend, thereby leading to yearly value records for multiple cryptocurrencies.

For instance, in the case of bitcoin, the cryptocurrency has managed to overtake the $13,000 threshold, before settling down to a slightly-sub $13K resistance point. Over the last seven days, the coin has been on a clear uptrend, as it increased from $11,300, all the way to $13,221. At press time, bitcoin is trading at $12,983.

ETH is currently trading at $418, XRP at $0.25, LTC at $56.11, EOS at $2.67, BCH at $272, and Chainlink at $11.91.

The total cryptocurrency market cap is currently reported at $368.47 billion, about $10 billion higher comparing to the previous week.

Weekly derivatives summary analysis

Here’s a quick preview of the main events that have occurred on the cryptocurrency derivatives market.

Despite the recent digital currency price uptrend, the crypto derivatives aggregated volume has remained fairly stable. As such, over the last week, it has increased from $27.42B to $29.70.

Indeed, this value is fairly good given the trends observed in the last few months. However, many experts predicted that relatively higher values would be attained.

Here’s a brief look at trading volumes by derivatives category:

  • The perpetuals trading volume has increased from $21.39B to $24.40B

  • The futures trading volume has slightly decreased from $5.82B to $5.06B

  • The options trading volume continued its upwards trend, thereby increasing from $208M to $239M.

A quick look into the current open interest rates

At this point in time, the total aggregated open interest volume is situated at $8.64, a value that’s slightly higher when compared to the $7.23B registered last week.

From a category standpoint, perpetuals report an open interest of $4.29B, followed by $2.20B for futures, and $2.13B for options.

Relevant cryptocurrency derivatives news

  • Deribit, a popular cryptocurrency options exchange, will introduce know-your-customer checks for all customers by the end of 2020;
  • Open interest surges on the CME platform, as institutional investors are investing in derivatives;
  • Future traders showcase less bullish behaviour when BTC hit $12K, as opposed to the trend present during August 2020.

 

Resources

https://www.worldcoinindex.com/derivatives

https://www.worldcoinindex.com/openinterest

https://www.worldcoinindex.com/perpetuals

https://www.worldcoinindex.com/futures

https://www.worldcoinindex.com/options

https://www.worldcoinindex.com/exchange/perpetuals

https://www.worldcoinindex.com/exchange/futures

https://www.worldcoinindex.com/exchange/options

 

Risk Disclaimer

This article includes information about cryptocurrencies, derivatives and other financial instruments. Both cryptocurrencies and derivatives are complex instruments and trading digital assets involve significant risk and can result in the loss of your invested capital. All data and information is provided “as is” for personal informational purposes only, and is not intended for trading purposes or advice. Please consult your broker or financial representative to verify pricing before executing any trade.