Bitcoin Ethereum Ethereum 2.0 proof-of-work Bitcoin

Ether creates history as key metric in ETH options exceeds Bitcoin by 32%

Reading now: 684

Ether (ETH) has taken over Bitcoin (BTC) in the options market for the first time in history as the open interest (OI) of Deribit Ether options, with a value of $5.6 billion, exceeded the OI of Bitcoin options worth $4.6 billion by 32%.OI is calculated by adding all the contracts from opened trades and subtracting the contracts when a trade is closed.

It is used as an indicator to determine market sentiment and the strength behind price trends. Deribit is the world’s biggest BTC and ETH options exchange, accounting for more than 90% of the global trading volume.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News