WorldCoinIndex Derivatives Report 2020 - Week 24

General weekly stats

Throughout the past week, the cryptocurrency market was mostly stable, with a value drop occurring on the 10th and 11th of June. The prices have not yet fully recovered, but at this point in time, most cryptocurrencies are in the green, meaning that prices are slowly but surely increasing.

Recent technical analysis carried out by several trading experts have concluded that the bitcoin network has rate has finally stabilized, after considerable volatility following the halving event. Similarly, miners have chosen to hold onto their BTC, so no excess liquidity is being poured in the market as of this moment. However, changes did occur within the bitcoin mining pool dynamics, which might bring on price influences later on.

Here’s a quick preview of the main events that have occurred on the cryptocurrency derivatives market:

Between the 5th and 12th of June, options faced a sharp increase, from the low level of $105.14M, all the way up to $145.84M.

A value increase has been reported in the case of futures as well, given their increase from $5.85B, up to $7.76B.

Last but not least, perpetuals are also seeing a drive up in terms of their values, given the increase from $12.66B to $18.02B at press time.


Daily volumes remain highly volatile across all three derivative categories. The current daily volume is situated at $18.02B for perpetuals, $7.76B for futures, and $145.84M for options. At this moment, the total value of the crypto derivatives market is situated at $25.92B.


A quick look into the current open interest rates

The total derivatives aggregated open interest value is situated at $5.59B, a value which is almost the same when compared to last week’s $5.58B threshold. From a category-based standpoint, perpetuals are holding an open interest of $2.44B, futures have $1.81B, and options hold $1.32B.

Our cryptocurrency open interest analysis by daily volume shows that bitcoin holds $1.74B in open interest, followed by Ethereum with $354.93M, EOS with $63.37M, Bitcoin Cash with $45.05M, and VeChain with $6.63M.


Relevant cryptocurrency exchange derivatives data

Over the last 24 hours, a total aggregated digital currency exchange trading volume of $55.62B was recorded. The week’s volume is approximately $100 billion lower when compared to the last week, considering the $248.09B 7-day numbers.

As such, we may be finding ourselves in a brief period of stagnation, which may continue until the worldwide economy is relaunched.




Risk Disclaimer

This article includes information about cryptocurrencies, derivatives and other financial instruments. Both cryptocurrencies and derivatives are complex instruments and trading digital assets involve significant risk and can result in the loss of your invested capital. All data and information is provided “as is” for personal informational purposes only, and is not intended for trading purposes or advice. Please consult your broker or financial representative to verify pricing before executing any trade.