• Market Cap: $1,147,325,503,822.76
  • 24h Vol: $38,219,302,718.32
  • BTC Dominance: 44.69%
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

Bitcoin Can Save California’s Largest Pension Fund From Its Existential Problems

Bitcoin Can Save California’s Largest Pension Fund From Its Existential Problems

June 8, 2023
SEC’s crypto actions surged 183% in 6 months after the FTX collapse

SEC’s crypto actions surged 183% in 6 months after the FTX collapse

June 8, 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

Bitcoin Can Save California’s Largest Pension Fund From Its Existential Problems

Bitcoin Can Save California’s Largest Pension Fund From Its Existential Problems

by Jon Hartney
June 8, 2023
0

California’s largest pension fund has significant unfunded liabilities Operators owe it to the workforce to explore how Bitcoin can

SEC’s crypto actions surged 183% in 6 months after the FTX collapse

SEC’s crypto actions surged 183% in 6 months after the FTX collapse

by Jon Hartney
June 8, 2023
0

The regulator stepped up enforcement actions in the crypto space following the revelations that took place around FTX

SEC is killing innovation in the United States — 1inch co-founder

SEC is killing innovation in the United States — 1inch co-founder

by Jon Hartney
June 8, 2023
0

US-based Web3 companies and cryptocurrency exchanges could be pushed offshore following enforcement actions against

NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

by Jon Hartney
June 8, 2023
0

Enjin chief technology officer Witek Radomski said the new blockchain aims to promote creativity by facilitating the

Polygon Labs president testifies on democratizing the internet with Web3, blockchains

Polygon Labs president testifies on democratizing the internet with Web3, blockchains

by Jon Hartney
June 8, 2023
0

The US House Committee explores blockchain and Web3’s future as industry leaders testify on democratizing the

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
Bitcoin Can Save California’s Largest Pension Fund From Its Existential Problems

Bitcoin Can Save California’s Largest Pension Fund From Its Existential Problems

June 8, 2023
SEC’s crypto actions surged 183% in 6 months after the FTX collapse

SEC’s crypto actions surged 183% in 6 months after the FTX collapse

June 8, 2023
SEC is killing innovation in the United States — 1inch co-founder

SEC is killing innovation in the United States — 1inch co-founder

June 8, 2023
NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

June 8, 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

  • Bitcoin Can Save California’s Largest Pension Fund From Its Existential Problems June 8, 2023
  • SEC’s crypto actions surged 183% in 6 months after the FTX collapse June 8, 2023
  • SEC is killing innovation in the United States — 1inch co-founder June 8, 2023
  • NFT platform Enjin forks Polkadot parachain Efinity to new mainnet June 8, 2023
  • Polygon Labs president testifies on democratizing the internet with Web3, blockchains June 8, 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)$26,431.00-1.44%
  • ethereumEthereum(ETH)$1,844.58-1.04%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.04%
  • binancecoinBNB(BNB)$264.79-3.03%
  • usd-coinUSD Coin(USDC)$1.000.04%
  • rippleXRP(XRP)$0.52-2.17%
  • staked-etherLido Staked Ether(STETH)$1,843.44-1.02%
  • cardanoCardano(ADA)$0.327164-3.20%
  • dogecoinDogecoin(DOGE)$0.068090-0.06%
  • solanaSolana(SOL)$18.77-5.46%
  • matic-networkPolygon(MATIC)$0.78-1.99%
  • tronTRON(TRX)$0.0774650.24%
  • litecoinLitecoin(LTC)$87.99-2.39%
  • polkadotPolkadot(DOT)$5.01-2.17%
  • binance-usdBinance USD(BUSD)$1.00-0.04%
  • avalanche-2Avalanche(AVAX)$13.91-3.49%
  • shiba-inuShiba Inu(SHIB)$0.000008-0.58%
  • daiDai(DAI)$1.000.18%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,528.00-1.11%
  • uniswapUniswap(UNI)$4.63-1.37%
  • leo-tokenLEO Token(LEO)$3.520.47%
  • chainlinkChainlink(LINK)$5.99-1.48%
  • cosmosCosmos Hub(ATOM)$9.58-3.66%
  • okbOKB(OKB)$44.49-1.90%
  • moneroMonero(XMR)$144.22-1.00%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.11%
  • ToncoinToncoin(TON)$1.65-0.51%
  • ethereum-classicEthereum Classic(ETC)$16.99-1.15%
  • stellarStellar(XLM)$0.087215-1.61%
  • bitcoin-cashBitcoin Cash(BCH)$111.90-0.44%
  • true-usdTrueUSD(TUSD)$1.00-0.01%
  • lido-daoLido DAO(LDO)$2.18-8.14%
  • internet-computerInternet Computer(ICP)$4.16-3.55%
  • filecoinFilecoin(FIL)$4.12-4.14%
  • quant-networkQuant(QNT)$111.35-4.19%
  • crypto-com-chainCronos(CRO)$0.059466-0.34%
  • AptosAptos(APT)$7.71-3.49%
  • hedera-hashgraphHedera(HBAR)$0.048417-1.82%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • ArbitrumArbitrum(ARB)$1.13-2.54%
  • vechainVeChain(VET)$0.017836-3.44%
  • nearNEAR Protocol(NEAR)$1.42-3.38%
  • apecoinApeCoin(APE)$2.90-2.41%
  • the-graphThe Graph(GRT)$0.114227-1.25%
  • paxos-standardPax Dollar(USDP)$1.000.00%
  • fraxFrax(FRAX)$1.000.06%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • eosEOS(EOS)$0.890.91%
  • rocket-poolRocket Pool(RPL)$47.37-1.73%
  • the-sandboxThe Sandbox(SAND)$0.487984-4.29%
  • algorandAlgorand(ALGO)$0.124461-6.26%
  • blockstackStacks(STX)$0.650.66%
  • elrond-erd-2MultiversX(EGLD)$34.96-3.01%
  • optimismOptimism(OP)$1.37-2.48%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,982.59-0.94%
  • aaveAave(AAVE)$59.73-2.07%
  • fantomFantom(FTM)$0.292885-2.16%
  • render-tokenRender(RNDR)$2.23-3.83%
  • tezosTezos(XTZ)$0.84-4.00%
  • decentralandDecentraland(MANA)$0.417702-5.31%
  • theta-tokenTheta Network(THETA)$0.76-1.82%
  • usddUSDD(USDD)$1.00-0.03%
  • immutable-xImmutableX(IMX)$0.72-0.30%
  • axie-infinityAxie Infinity(AXS)$6.25-4.59%
  • BitDAOBitDAO(BIT)$0.482537-1.84%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.820.12%
  • radixRadix(XRD)$0.0670750.11%
  • havvenSynthetix Network(SNX)$2.13-3.82%
  • Bitget TokenBitget Token(BGB)$0.4826961.38%
  • kucoin-sharesKuCoin(KCS)$6.85-2.88%
  • flowFlow(FLOW)$0.63-3.30%
  • neoNEO(NEO)$9.01-2.84%
  • galaGALA(GALA)$0.026046-2.13%
  • curve-dao-tokenCurve DAO(CRV)$0.76-2.14%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • bitcoin-cash-svBitcoin SV(BSV)$30.24-1.30%
  • terra-lunaTerra Luna Classic(LUNC)$0.0000981.27%
  • gemini-dollarGemini Dollar(GUSD)$1.000.00%
  • makerMaker(MKR)$629.120.00%
  • gatechain-tokenGate(GT)$4.06-1.84%
  • injective-protocolInjective(INJ)$6.94-2.95%
  • kavaKava(KAVA)$0.99-12.28%
  • klay-tokenKlaytn(KLAY)$0.164663-7.16%
  • marumaruNFTmarumaruNFT(MARU)$0.24991121.40%
  • bittorrentBitTorrent(BTT)$0.0000010.08%
  • iotaIOTA(MIOTA)$0.180172-1.64%
  • pax-goldPAX Gold(PAXG)$1,918.93-0.63%
  • Tokenize XchangeTokenize Xchange(TKX)$6.15-3.07%
  • casper-networkCasper Network(CSPR)$0.0441980.19%
  • compound-ethercETH(CETH)$37.04-1.17%
  • tether-goldTether Gold(XAUT)$1,947.23-0.65%
  • conflux-tokenConflux(CFX)$0.228709-4.80%
  • xdce-crowd-saleXDC Network(XDC)$0.0345792.58%
  • chilizChiliz(CHZ)$0.087646-4.19%
  • huobi-tokenHuobi(HT)$2.85-0.79%
  • binaryxBinaryX(BNX)$165.90-5.97%
  • PepePepe(PEPE)$0.000001-4.11%
  • mina-protocolMina Protocol(MINA)$0.492530-1.87%
  • gmxGMX(GMX)$51.25-2.86%