Weekly Crypto Money Derivative Market Report 29– WorldCoinIndex
With that in mind, when it comes to Bitcoin , a price peak of $ 9,339 was reported this week, but the value later dropped to $ 9,129.The lowest reported value for BTC this week was $ 9,053. The value of the total cryptocurrency market is now slightly higher than last week’s value. The total value is reported as $ 269.73 billion.ETH is currently trading at $ 233, XRP $ 0.19, LTC $ 41.86, EOS $ 2.49 and BCH $ 223.14.
Crypto Money Derivative Market Summary
Here is a quick preview of the main events happening in the cryptocurrency derivatives market.First, the total volume of crypto derivatives has dropped significantly compared to the value recorded last week. Therefore, at the time of writing, we should note that the total trading volume for derivatives fell from $ 17.21 billion to $ 9.27 billion last week.
Here is a brief overview of trading volumes by category of derivatives:
The trading volume of options is at $ 96.21 million.
Futures volume also fell from $ 4.31 billion to $ 2.09 billion.
There was a serious decline in permanent contract volume from $ 12.79 billion to $ 7.08 billion.
Higher trading volumes are likely to be reached in futures, but the recent sharp decline actually worries investors around the world. However, the advantages of technical analysis and derivative trading show that this is certainly not an end to this market; rather it represents an obstacle that will definitely be overcome.
However, over the past week, Chainlink permanent contracts recorded a very high volume increase daily. Therefore, on July 10, Chainlink’s permanent contracts posted open positions of $ 16.72 million in FTX, $ 14.76 million in OKEX, $ 56.82 million in Huobi, and $ 148.16 million in Binance, as well as $ 35.03 million.
However, currently permanent contracts have an open position of $ 27.72 million in FTX, $ 64.56 million in OKEX, $ 292.51 million in Huobi and $ 403.63 million in Binance, as well as $ 74.38 million. There are several reasons behind this increase, such as the purchase of new cryptocurrencies by new users and the growing appeal of altcoin-based derivatives. However, some believe that a fast crash has come for Chainlink.
A Quick Look at Current Open Position Ratios
The total open position available for all derivatives has approached $ 6.22 billion compared with $ 5.85 billion last week.
In terms of category, permanent contracts reported an open position of $ 3.2 billion followed by an open position of $ 1.8 billion for futures and $ 1.21 billion for options.