There are different developments in the sixth week of the WorldCoinIndex Derivative Market report. Accordingly, there are two heroes this week: Bitcoin and BSC DeFi!
After Tesla announced that it had purchased $1.5 billion worth of bitcoin, the market value of BTC skyrocketed. Binance Smart Chain is also seeing a massive influx of DeFi projects as well as significant increases in BNB prices.
This week of the year, Bitcoin rose from $38,000 to $49,000. This level signaled incredible levels of volatility. Bitcoin’s bull run so far has been on a heavy rung that puts faith in crypto market investments.
At the time of writing, BTC is trading at $47,312 and Ethereum at $1,790. Also, Binance coin is trading at $136, The Graph at $2.71, Cardano at $0.9, Litecoin at $188 and Eos at $4.66.
Derivatives Weekly Summary
Here is a quick summary of the main events happening in the cryptocurrency derivatives market.
First of all, the total volume of crypto derivatives exchanges came from $75 billion to $100.23 billion.
A brief overview of process volumes by derivatives category:
Permanent trade volume increased to $84.90 billion.
Futures volume rose slowly to $14.67 billion.
Option trading volume rose to $662 billion.
A Quick Look at Current Open Position Rates
At this point, the total open case volume is US$32.85 billion.
In terms of a category, open positions at permanent locations are $15.86B. On the other hand, the open position in futures is at $6.72 Billion. In addition, the open position for options was at the level of 10.26 Billion $.
Related Cryptocurrency Derivatives Exchange News
CME has recently launched Ethereum futures processes.
Bitfinex is preparing to initiate LTC/BTC and DOT/BTC perpetual agreements.
The incredible $3.7 billion BTC option expires at the end of the month.