WorldCoinIndex Derivatives Report 2020 – Week 25

Over the last week, the cryptocurrency market was mostly marked by stability in terms of coin prices, as the values recovered from a sudden price drop that occurred on the 13th of June. For instance, following the recovery, the bitcoin price fluctuated between a maximum of $9,600 and a minimum of $9,300. Similar low-percentage fluctuations were present in the case of most other cryptocurrencies as well.

At press time, Bitcoin is trading at $9,367, Ethereum at $230, Litecoin at $43, Eos at $2.51, and Bitcoin Cash at $234. These are all slightly lower volumes when considering recent averages; thereby, it is possible that a price hike will occur during the upcoming week.

Here’s a quick preview of the main events that have occurred on the cryptocurrency derivatives market, where value drops were considerably more notable:

Between the 15th and 19th of June, options volume faced a sharp drop, from the higher level of $145.84M, all the way down to $90.24M.

Futures saw an even higher volume drop, going from $7.76B to $4.43B.

Last but not least, perpetuals dropped by 50% from $18.02B to $9.1B.


In terms of the cryptocurrency derivatives aggregated volume, the 24H volume is reported at $13.70B at press time. As such, perpetuals have registered $9.18B trading volume, followed by futures with $4.43B and options with $90.23M.


A quick look into the current open interest rates

The crypto derivatives aggregated open interest rates have not changed much when compared to last week, considering the fact that at this time, WCI is registering a total open interest of $5.80B, which is roughly $200M more when compared to last week’s $5.59B value.

From a category standpoint, perpetuals are seeing $2.47B in open interest, followed by futures with $1.90B, and options with $1.41B.


Relevant cryptocurrency exchange derivatives data

The last week has registered a total exchange trading volume of $258.46B across all cryptocurrencies. The 24H volume is reported at $32.24B. Current data showcases that these numbers encompass a total of 2,958 tradable coins.


Thus, similarly to last week, the period of stagnation is still present. Analysts throughout the world are trying to determine when the worldwide economy will fully-relaunch. While cryptocurrencies are definitely able to withstand considerable pressure, they shine when capital is widely available and being pumped into crypto-related investments. Since actual purchase-based usage remains low, demand is mostly garnered through investments.




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.