The BYBIT derivatives report highlights the upscale role in the encryption market morale
On April 25, BYBIT was released, the second largest exchange of cryptocurrencies in the world in terms of trading volume, the latest Weekly cryptocurrency derivatives report In cooperation with the analysis company Block Schools.
Although the signs of separation from American stocks were shown earlier, the relief gathering caused by President Trump Positive comments Regarding the trade war with China, it caused BTC to resume trading along with the stock market.
However, despite the mostly positive series of events, a closer look at the data points collected by bybit Paints is a little more accurate.
The derivative report shows an increase in open interest – but bitcoin exceeds calls
According to the April 25 derivative report, the open interest in the encrypted currency has reached levels exceeding $ 8 billion in the closing days of April, which represents the highest level in one month in terms of suspended derivative contracts.
In addition, the relief gathering coincided with a noticeable increase in the open bitcoin options. Although the size of the options was relatively, the open interest in PUTS exceeded the open interest in calls with a noticeable margin.
With what is said, at the present time, it is unclear whether this indicates a rise in a declining feeling or increased hedging.
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