Bitcoin Smashes Through All-Time High; Derivatives Going Strong!

12. Feb 2021 Posted by WorldCoinIndex on Derivatives report

WorldCoinIndex Derivatives Report Week 6. The cryptocurrency market has two protagonists this week - bitcoin and BSC DeFi! Following Tesla’s announcement to purchase $1.5 billion worth of bitcoin, BTC’s market value got a massive boost. The Binance Smart Chain is also seeing a great influx of DeFi projects, as well as a considerable jumps in BNB prices.

During this week of the year, bitcoin jumped from $38,000, all the way up to $48,700, marking incredible levels of volatility. Bitcoin’s bull run so far has been intense, giving confidence to crypto market investments.

At press time, BTC is trading at $47,880, Ethereum at $1.790, Binance coin at $136, The Graph at $2.71, Cardano at $0.9, Litecoin at $188, and Eos at $4.66.

Weekly derivatives summary analysis

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

First off, the crypto derivatives aggregated volume is seeing new confidence, rising from $75bn last week to $100.23bn now.

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

  • The perpetuals trading volume has risen to $84.90

  • The futures trading volume has slightly jumped to $14.67bn

  • The options trading volume has seen a boost to $662bn

 

A quick look into the current open interest rates

At this point in time, the total aggregated open interest volume is situated at only $32.85bn, a relatively-small rate given the week’s events.

From a category standpoint, perpetuals report an open interest of $15.86B, followed by $6.72B for futures, and $10.26B for options.

Relevant cryptocurrency news

  • CME has recently launched Ether futures trading
  • Bitfinex preparing to launch LTC/BTC and DOT/BTC perpetuals
  • Incredible $3.7bn of BTC options will expire at the end of month.

 

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.