• Market Cap: $1,085,005,395,522.79
  • 24h Vol: $27,518,634,397.79
  • BTC Dominance: 47.16%
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

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

Jon Hartney by Jon Hartney
August 2, 2022
in Bitcoin, Blockchain, Business, Market
0

Video game developer Mark Venturelli launched a surprise attack on NFTs at a Brazilian gaming event, and Limewire is

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

While Ethereum created history by taking over Bitcoin in the options market, the ETH futures contract entered price backwardation.

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.

Related articles

Ethereum Price Stages Recovery But Can It Overcome This Key Hurdle?

Ethereum Price Stages Recovery But Can It Overcome This Key Hurdle?

September 27, 2023
Ben Armstrong spends night in jail with prowling, simple assault charges

Ben Armstrong spends night in jail with prowling, simple assault charges

September 27, 2023

The data from the Deribit exchange highlighted that ETH options mainly call options, with a Put/Call ratio of 0.26. The ETH Put/Call ratio has hit a new yearly low as the Merge date nears.

Ethereum Open Interest Put/Call Ratio Source: The Block

Under the put option, buyers have the right but not the obligation to sell the underlying asset at a predetermined price on or before a specific date. Overall, put buyers are implicitly bearish while a call option trader is bullish.

A put/call ratio greater than 0.7 or exceeding one, indicates bearish market sentiment while a put/call ratio value of lower than 0.7, and falling close to 0.5 indicates an emerging bullish trend.

Related: Ethereum Merge: How will the PoS transition impact the ETH ecosystem?

The recent surge of ETH OI in the options market with an underlying bullish sentiment among traders is being attributed to the upcoming Merge slated for the third week of September.

While ETH continues to see growing dominance in the options market, the ETH futures quarterly contracts, scheduled to expire in December 2022, have slipped into backwardation, wherein the futures price becomes lower than the spot price. Ether’s spot and futures price grew to -$8 on Aug. 1. While this might seem like a bearish outlook, BTC surged 15% after price backwardation in June.

Apart from the growing bullish anticipation for the upcoming proof-of-stake (PoS) transition, analysts have also pointed toward the possible airdrop scenario in case of a chain split. A survey from Galois Capital revealed that 33.1% of respondents believe the upgrade would lead to a hard fork, while 53.7% anticipated a smooth network transition.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Ethereum Price Stages Recovery But Can It Overcome This Key Hurdle?

Ethereum Price Stages Recovery But Can It Overcome This Key Hurdle?

by Jon Hartney
September 27, 2023
0

Ethereum price is eyeing a recovery wave from $1,565 against the US Dollar ETH could rise steadily if it settles...

Ben Armstrong spends night in jail with prowling, simple assault charges

Ben Armstrong spends night in jail with prowling, simple assault charges

by Jon Hartney
September 27, 2023
0

Crypto influencer Ben “BitBoy” Armstrong was released on bail around 8 hours after being booked by Gwinnett County

Bitcoin Price Could See Recovery If It Holds This Key Support

Bitcoin Price Could See Recovery If It Holds This Key Support

by Jon Hartney
September 27, 2023
0

Bitcoin price is consolidating above the $26,000 support BTC could start a recovery wave if it clears the $26,500 resistance...

AirBit Club ‘ponzi’ co-founder gets 12 years prison

AirBit Club ‘ponzi’ co-founder gets 12 years prison

by Jon Hartney
September 27, 2023
0

Convicted fraudster Pablo Renato Rodriguez will also need to serve three years of supervised release after he finishes

Mastermind Behind Massive Crypto Ponzi Scheme AirBit Club Receives 12-Year Prison Sentence

Mastermind Behind Massive Crypto Ponzi Scheme AirBit Club Receives 12-Year Prison Sentence

by Jon Hartney
September 27, 2023
0

In a landmark verdict, Pablo Renato Rodriguez, the co-founder of AirBit Club, has been sentenced to 12 years in prison...

Load More
  • Trending
  • Comments
  • Latest
NEXO risks 50% drop due to regulatory pressure and investor concerns

NEXO risks 50% drop due to regulatory pressure and investor concerns

September 30, 2022
51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

October 14, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022
Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

October 11, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0
Crypto owners banned from working on US Government crypto policies

Crypto owners banned from working on US Government crypto policies

0
Korean startup Uprise lost $20M shorting LUNC

Korean startup Uprise lost $20M shorting LUNC

0
Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0
Ethereum Price Stages Recovery But Can It Overcome This Key Hurdle?

Ethereum Price Stages Recovery But Can It Overcome This Key Hurdle?

September 27, 2023
Ben Armstrong spends night in jail with prowling, simple assault charges

Ben Armstrong spends night in jail with prowling, simple assault charges

September 27, 2023
Bitcoin Price Could See Recovery If It Holds This Key Support

Bitcoin Price Could See Recovery If It Holds This Key Support

September 27, 2023
AirBit Club ‘ponzi’ co-founder gets 12 years prison

AirBit Club ‘ponzi’ co-founder gets 12 years prison

September 27, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Ethereum Price Stages Recovery But Can It Overcome This Key Hurdle? September 27, 2023
  • Ben Armstrong spends night in jail with prowling, simple assault charges September 27, 2023
  • Bitcoin Price Could See Recovery If It Holds This Key Support September 27, 2023
  • AirBit Club ‘ponzi’ co-founder gets 12 years prison September 27, 2023
  • Mastermind Behind Massive Crypto Ponzi Scheme AirBit Club Receives 12-Year Prison Sentence September 27, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$26,236.00-0.31%
  • ethereumEthereum(ETH)$1,590.83-0.03%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$212.870.71%
  • rippleXRP(XRP)$0.50-0.32%
  • usd-coinUSDC(USDC)$1.000.06%
  • staked-etherLido Staked Ether(STETH)$1,591.270.02%
  • cardanoCardano(ADA)$0.245423-0.13%
  • dogecoinDogecoin(DOGE)$0.060585-0.53%
  • solanaSolana(SOL)$18.93-2.20%
  • tronTRON(TRX)$0.0849200.49%
  • ToncoinToncoin(TON)$2.10-3.57%
  • Wrapped stETHWrapped stETH(WSTETH)$1,865.160.38%
  • polkadotPolkadot(DOT)$4.00-1.09%
  • matic-networkPolygon(MATIC)$0.51-2.45%
  • litecoinLitecoin(LTC)$63.77-1.10%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,215.00-0.32%
  • shiba-inuShiba Inu(SHIB)$0.000007-0.93%
  • bitcoin-cashBitcoin Cash(BCH)$214.651.21%
  • chainlinkChainlink(LINK)$7.34-1.59%
  • daiDai(DAI)$1.000.03%
  • true-usdTrueUSD(TUSD)$1.000.00%
  • leo-tokenLEO Token(LEO)$3.65-3.76%
  • uniswapUniswap(UNI)$4.28-0.30%
  • avalanche-2Avalanche(AVAX)$9.040.59%
  • stellarStellar(XLM)$0.1124220.47%
  • moneroMonero(XMR)$144.610.00%
  • okbOKB(OKB)$42.93-0.60%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.11%
  • binance-usdBUSD(BUSD)$1.000.00%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • ethereum-classicEthereum Classic(ETC)$15.08-0.69%
  • cosmosCosmos Hub(ATOM)$6.96-1.17%
  • hedera-hashgraphHedera(HBAR)$0.048982-2.13%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • filecoinFilecoin(FIL)$3.19-0.53%
  • internet-computerInternet Computer(ICP)$2.980.03%
  • crypto-com-chainCronos(CRO)$0.050069-0.71%
  • lido-daoLido DAO(LDO)$1.46-1.39%
  • makerMaker(MKR)$1,409.765.36%
  • quant-networkQuant(QNT)$87.04-0.74%
  • MantleMantle(MNT)$0.388747-0.75%
  • AptosAptos(APT)$5.27-4.51%
  • vechainVeChain(VET)$0.016452-0.96%
  • ArbitrumArbitrum(ARB)$0.820.48%
  • optimismOptimism(OP)$1.291.62%
  • nearNEAR Protocol(NEAR)$1.08-2.12%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • KaspaKaspa(KAS)$0.046470-0.70%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,728.430.01%
  • aaveAave(AAVE)$60.81-1.12%
  • BitDAOBitDAO(BIT)$0.592.96%
  • the-graphThe Graph(GRT)$0.086747-1.28%
  • WhiteBIT CoinWhiteBIT Coin(WBT)$5.230.04%
  • algorandAlgorand(ALGO)$0.094980-3.30%
  • usddUSDD(USDD)$1.000.05%
  • fraxFrax(FRAX)$1.000.13%
  • immutable-xImmutableX(IMX)$0.57-4.02%
  • xdce-crowd-saleXDC Network(XDC)$0.047690-3.40%
  • havvenSynthetix Network(SNX)$2.011.52%
  • blockstackStacks(STX)$0.453744-2.75%
  • radixRadix(XRD)$0.0618784.67%
  • theta-tokenTheta Network(THETA)$0.630.10%
  • eosEOS(EOS)$0.56-1.26%
  • elrond-erd-2MultiversX(EGLD)$24.24-2.13%
  • Bitget TokenBitget Token(BGB)$0.447841-0.44%
  • the-sandboxThe Sandbox(SAND)$0.3028590.83%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • tezosTezos(XTZ)$0.66-0.21%
  • injective-protocolInjective(INJ)$7.201.59%
  • bitcoin-cash-svBitcoin SV(BSV)$30.930.22%
  • axie-infinityAxie Infinity(AXS)$4.50-2.34%
  • render-tokenRender(RNDR)$1.49-1.14%
  • decentralandDecentraland(MANA)$0.296026-0.59%
  • gatechain-tokenGate(GT)$3.86-0.17%
  • fantomFantom(FTM)$0.187182-1.62%
  • thorchainTHORChain(RUNE)$1.731.59%
  • marumaruNFTmarumaruNFT(MARU)$0.24991121.40%
  • neoNEO(NEO)$7.17-1.20%
  • kavaKava(KAVA)$0.62-0.04%
  • paxos-standardPax Dollar(USDP)$1.000.10%
  • pax-goldPAX Gold(PAXG)$1,896.56-0.53%
  • tether-goldTether Gold(XAUT)$1,898.99-0.78%
  • ecasheCash(XEC)$0.000024-0.69%
  • binaryxBinaryX(BNX)$165.90-5.97%
  • curve-dao-tokenCurve DAO(CRV)$0.520.52%
  • flowFlow(FLOW)$0.440747-1.05%
  • compound-ethercETH(CETH)$31.97-0.02%
  • Halo CoinHalo Coin(HALO)$0.057345-0.05%
  • convex-crvConvex CRV(CVXCRV)$1.47184.01%
  • kucoin-sharesKuCoin(KCS)$4.43-0.93%
  • frax-shareFrax Share(FXS)$5.77-0.44%
  • rocket-poolRocket Pool(RPL)$21.67-0.52%
  • Frax EtherFrax Ether(FRXETH)$1,588.690.07%
  • iotaIOTA(MIOTA)$0.148432-1.00%
  • apecoinApeCoin(APE)$1.11-2.43%
  • chilizChiliz(CHZ)$0.057378-1.05%
  • huobi-tokenHuobi(HT)$2.43-0.43%
  • First Digital USDFirst Digital USD(FDUSD)$1.000.10%