Deribit Options Market Sees Record High Volume as Bitcoin Upside Demand Grows

[Riya143]

The structure of the entire cryptocurrency market has been shifting throughout 2020, with traders placing an increased emphasis on options contracts to capitalize on the volatility seen by Bitcoin and other digital assets.

The options market’s influence over Bitcoin’s price dynamic is growing by the day, with trading volume on Deribit setting a record high yesterday.

Currently, traders are favoring near-term upside for the benchmark digital asset, as data from the platform reveals that call skew has been increasing. The Call:Puts ratio has also hit 2:1.
Read More: https://www.newsbtc.com/2020/07/29/deribit-bitcoin-options-see-record-high/