Cryptocurrency
Bitcoin Options Volume Sets Record as BTC Miners Hit Breakeven Cost
As reported on Cointelegraph, “Bitcoin (BTC) derivatives traders were anything but bearish during Monday’s crash, data reveals — options volumes set a giant $200 million all-time high. “According to figures collated by monitoring resource Skew Markets, volatility which saw BTC/USD descend to two-month lows of $7,625 sparked a surge in options trading. “Aggregate volume from […]
As reported on Cointelegraph, “Bitcoin (BTC) derivatives traders were anything but bearish during Monday’s crash, data reveals — options volumes set a giant $200 million all-time high.
“According to figures collated by monitoring resource Skew Markets, volatility which saw BTC/USD descend to two-month lows of $7,625 sparked a surge in options trading.
“Aggregate volume from CME Group and exchanges such as Deribit and OKEx totaled $198 million as the week began. The figure easily eclipses the previous record of around $175 million seen in February…”