Cryptocurrency News

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

08/02/2022

Less than a minute

2022.08.02 15:43

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

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.

08/02/2022

Less than a minute

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