It has been revealed that the crypto options are still going strong despite the harsh times of depressed futures and perpetual trading. Check out the latest reports about the matter below.

Crypto options FTW

According to a report sent via email by Deribit, a crypto derivative exchange, trading volumes for options are performing better than for perpetual and futures trading, which are currently struggling.

The Chief Commercial Officer of Deribit, Luuk Strijers, has attributed the increase in demand for options trading to the need for yield, particularly as they near expiration.

The Block, a news outlet, had previously reported that $3 billion in bitcoin options and $1.8 billion in ether options expired on September 29th.

Deribit stated in their newsletter that perpetual and futures volumes for the entire derivatives market have gone down by 22% quarter-on-quarter due to a lack of direction and volatility.

“The good news however is that overall market options volumes are in line Q3 vs Q2 (zero activity loss) and have therefore proven to be a more resilient asset class versus perpetuals and futures,” according to official notes.

Bitcoin could see new heights in 2023

According to a popular crypto trader, Bitcoin (BTC) is preparing to reach new heights and Chainlink’s (LINK) final corrective moves have been plotted.

The crypto analyst, Michaël van de Poppe, has informed his 668,000 followers on X, a social media platform, that BTC is poised to aim for new highs.

At the time of writing, BTC is valued at $27,984, an increase of 2.1% over the last 24 hours.

A few days ago, Van de Poppe mentioned that BTC was consolidating, which he believes will give some altcoins the necessary momentum.

Altcoins had a substantial correction overnight, while Bitcoin is consolidating.

There are various prediciotns coming out these days, suggesting that we can see a new ATH for BTC by the end of 2023.

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