Dec 13, · Bitcoin market capitalization as of December 13, Bitcoin cash market capitalization quarterly Ethereum market capitalization quarterly Dec 04, · Firstly, CME’s Open-Interest reached an Open-Interest near $1 billion and it completely opened the institutional path in Bitcoin’s market. With institutional interest reaching a commendable high, Deribit’s recent institutional newsletter suggested a new monthly notional turnover record of over $ billion; a new daily BTC options record. Dec 18, · Cryptocurrency derivatives markets have been seeing significant demand, as daily volumes for bitcoin options crossed $1 billion on December 17, Most of the record turnover .
Bitcoin market turnoverOver $ Billion Turnover Registered by Bitcoin, Ethereum Options - ELEVENEWS
Its data, ratings and research reports are from more than 70 global data platforms, including Messari, Delta, Binance Info, Aicoin, and Huobi Info. The report describes:. The analysis also found that the correlation coefficient between cryptocurrency futures trading volume and spot trading volume fell to 0.
It is expected that the futures trading volume for the year will be more than doubled the spot market … Compared with the idea of cash is king in the current market conditions, the cryptocurrency futures industry is still developing rapidly. What do you think about the rate at which crypto trading volumes are growing? Let us know in the comments section below. Article source. The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider.
The report added,. This particular sentiment may lead to the sudden decline of expected volatility.
Temporarily yes. The Open-Interest execution would indicate that people will be cashing on their profits or losses over the course of December and short-term high liquidations may cause a little stir in the valuation.
However, the price of Bitcoin has been extremely stable during bouts of liquidation in , as selling pressure has always been absorbed by rising buying pressure. Hence, the price impact can be expected to be minimal, as Bitcoin and the collective market entertains another rally early next year.