WorldCoinIndex Week 26 Bitcoin Derivative Markets Report Published – Details Here
Over the past week, the cryptocurrency market has experienced an unexpected drop in prices. Therefore, an increase in volatility was observed between most digital currencies and derivatives trading.
WorldCoinIndex Week 26 Bitcoin Derivative Markets Report Published – Details Here.
Therefore, the highest impact was due to the price of bitcoin falling from $ 9,660 on June 24 to $ 9,035 on June 25. Many of the other top-tier coins followed the same trend, similar to this rapid price drop. Since then, given the fact that BTC has traded at $ 9,324 at the time of mourning, the market has managed to gain more value. ETH is trading at $ 232, LTC $ 42.66, EOS $ 2.45, XRP $ 0.18 and BCH $ 231.
Volume Summary of Derivative Markets
Here is a quick summary of the main developments in the cryptocurrency derivatives market .Batch volume increased compared to last week’s figures.
The trading volume of option transactions rose from $ 90.24 million last week to $ 122.43 million today.Futures traded slightly up from $ 4.43 billion last week to $ 4.56 billion.Permanent contracts seem to benefit from the volume increase, given the rise from $ 9.1 billion to $ 9.67 billion.
While this increase is certainly appreciated, it has seen significantly higher volumes in all derivatives categories in the past.At the time of writing, the total volume of crypto derivatives is around $ 14.35 billion.
A Quick Look at Current Open Position Ratios
Currently, the total open position rate is $ 5.21 billion, down $ 600 million compared to the figures recorded last week. Given that we are approaching the end of the month when many derivative contracts expire, open position rates have to continue to decline.
Taking into account the current situation, the open position rate for futures, options and permanent contracts is currently pending for the expiration date. Last week, while reporting an $ 1.41 billion OI for option transactions, today WCI is displaying an $ 0.86 billion OI.
As far as futures are concerned, the current OI was $ 1.50 billion last week, down from $ 1.90 billion last week.
Last but not least, the open position in permanent contracts is now at $ 2.80 billion, up from $ 2.47 billion last week.
Related Cryptocurrency Exchange Derivative Data
In the context of permanent contracts, Huobi continues to have the largest daily trading volume estimated at $ 3.1 billion followed by Binance with $ 2.71 billion and Bitmex with $ 1.37 billion.When it comes to futures, OKEX and Huobi are very close together, OKEX is $ 2.23 billion and Huobi is $ 2.15 billion.
Option trading is mostly controlled by Deribit with $ 114.78 million.Since most contracts have expired, these numbers may experience more volatility in the next few days.