最佳比特币采矿比较. Hashflare与Genesis Mining
比特币云挖矿比较表. 审查的顶级云采矿合同

创下$ 2.9B比特币期权未平仓合约跟随BTC反弹至 $14,259

The open interest on Bitcoin (BTC) options contracts has reached a new all-time high at $2.9 十亿. 有趣的是, this feat happened only five days after the October expiry, which liquidated $400 million worth of options.

Bitcoin options total open interest. 资源: 斜

Over the past six months, the options market has grown three-fold, causing investors to grow more curious about the potential impact upcoming expiries will have on Bitcoin price.

Monthly BTC transaction volume (美元). 资源: Digital Assets Data

Data from Cointelegraph and Digital Assets Data also show that monthly Bitcoin transaction volume and BTC futures volume has been on the rise since the end of October.

BTC futures volume by exchange. 资源: Digital Assets Data

When analyzing options, 该 25% delta skew is the single most relevant gauge. This indicator compares similar call (购买) 并把 (卖) options side-by-side.

It will turn negative when the put options premium is higher than similar-risk call options. A negative skew translates to a higher cost of downside protection, indicating bullishness.

The opposite holds when market makers are bearish, causing the 25% delta skew indicator to gain positive ground.

Bitcoin 3-month options 25% delta skew. 资源: 斜

Oscillations between -10% (slightly bullish) 和 +10% (slightly bearish) are considered normal. This hasn’t been the case since Oct. 19, when Bitcoin broke the $11,600 level and never looked back.

This indicator is the most substantial evidence a trader interested in derivatives needs to recognize Bitcoin optionscurrent sentiment.

Observe the put-call ratio for additional confirmation

To further investigate how those instruments are being used in traders’ strategies, one must dive into the put-to-call ratio. Call (购买) options are generally used on neutral and bullish strategies, while put (卖) options the opposite.

By analyzing the open interest ratio between put and call options, one can broadly estimate how bearish or bullish traders are.

Bitcoin options put-to-call ratio. 资源: 斜

Put options open interest have been lagging the more bullish call options by 30%. After the October expiry, this difference increased as the indicator reached its lowest level in 3 个月.

Based on the current conditions shown by the skew indicator and put-to-call ratio, there is little reason to worry about the growing options open interest.

The market has been signaling bullish intentions, and the liquid derivatives markets are allowing larger players to hedge and enter the spot market.

From the BTC options perspective, everything is clear for the current bull run to continue.

这里表达的观点和意见仅是 author 并且不一定反映Cointelegraph的意见. 每一个投资和交易举动有风险. 在作出决定时应该进行自己的研究.

文章Cointelegraph

发表评论