Crypto Money Market Following the recent rise, the traders are in search of balance over $ 3 trillion, and the traders have turned to options to turn the decline in volatility into an opportunity. In Bitcoin (BTC) and Ethereum (ETH) -oriented options, the amount of open positions increases rapidly, while the covered volatility (IV) rates has a remarkable decrease. The decline in IV allows traders to open leveraged positions at lower cost. The data shows that despite the general recession in the market, it is a very active picture on the option side.
HARGE INCREASE TO CRIP MONEY OPTIONS
Between 28-30 April BitcoinWhile the open option position increased by about 1 billion dollars, EthereumThis increase reached $ 150 million. According to Coings data, the volume increase caught reveals that the trader interest intensifies despite the significant decrease in volatility in the crypto currency market. BTC was traded in a narrow range between 94 thousand and 95 thousand dollars between these dates. Largest crypto currencyHorizontal mobility 7 -day IV rate from 53 percent to 38 percent, 30 -day rate from 50 percent to 43 percent caused.
Ethereum has a similar appearance. ETH’s 7 -day IV rate dropped from 74 percent to 61 percent, while the 30 -day rate fell from 69 percent to 63 percent. Derive.xyz’s Research Head Dr. Sean DawsonHe emphasized that the decreases in IV reduce the leverage cost and the traders evaluate the opportunity to “cheap leverage”. According to Dawson, 73 percent of the transactions made on the platform turned to BTC Call (purchase) options, and 81.8 percent turned to ETH purchase options. This points to a very optimistic expectation in the platform.
The market continues to give mixed signals
Although investors on the Derve platform are waiting for prices to rise, the table is not so clear in the wider option market. Deribit The transactions made on large platforms such as show that it is a more cautious atmosphere. In particular, Delta Skew data reveals that traders are not consistent with the direction of prices. Dawson said this difference can be explained by the high -risk appetite of Derve users.
However, Dawson still believes that Bitcoin and Ethereum can maintain their current levels during May. Until May 30 BTCWhile the probability of landing below 80 thousand dollars is calculated as 8 percent, EthThe probability of falling below 600 dollars is estimated to be 21 percent.
Bitcoin was traded at 95 thousand 39 dollars and Ethereum was traded for 800 dollars.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
