Cryptocurrency Derivative Figures Remain Stagnant, Bitcoin Price Begins Recovery

WorldCoinIndex Derivatives Report 2020 – Week 38 - During the 38th week of this year, the cryptocurrency market has faced a bit of positive volatility, as prices are quietly beginning another price ascension trend. However, as highlighted below, derivatives are still fairly stagnant.

In the case of bitcoin, it is currently unclear whether further resistance will be met, but recent price developments do showcase that surpassing the $11,000 threshold is certainly possible. At press time, bitcoin is trading at $11,006, with a 24h high of $11,039 and a low of $10,896. Its current market cap is of $203B. Over the last week, our charts reported a price peak of $11,098 and a low of $10,241.

The total cryptocurrency market cap is currently reported at $356.21 billion.

ETH is currently trading at $388, Uniswap at $5.04, XRP at $0.25, LTC at $48.88, EOS at $2.74, Tron at $0.029, and BCH at $237.

Weekly derivatives summary analysis

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

First off, the crypto derivatives aggregated volume has dropped even further, from $19.51B last week to $18.44B today. There are numerous explanations behind this month’s stagnant crypto derivative trading volumes, one of which is the slowing economy due to the current pandemic. It is expected that values will improve over the long-term.

Here’s a brief look at trading volumes by derivatives category:

  • The perpetuals trading volume is situated at $14.98B, lower than last week’s $16.37B

  • The futures trading volume is situated at $3.33B, an increase from last week’s $3.01B

  • The options trading volume is situated at $124.45M, on the rise from last week’s $120.62M.


A quick look into the current open interest rates

At this point in time, the total aggregated open interest volume is situated at $7,53B, slightly higher than last week’s $6.89B.

From a category standpoint, perpetuals report an open interest of $3.69B, followed by $1.99B for futures, and $1.84B for options.


Relevant cryptocurrency derivatives news:

  • OKEx introduces a series of powerful trading instruments for Uniswap
  • The Delta Exchange is working on settling crypto options via Tether
  • Some bitcoin options traders are firm believers that BTC will hit $36K in December.




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.