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Bitcoin options trading volume surges after bank collapse and market fluctuations

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Bitcoin options trading volume surges after bank collapse and market fluctuations

On March 14, it was reported that the trading volume of Bitcoin options on Deribit, the cryptocurrency exchange, soared after the collapse of several American banks and market fluctuations. According to the data tracked by Amberdata, in the past 24 hours, Bitcoin options valued at $2.4 billion have changed hands on Deribit, which is the highest daily trading volume since May 17, 2021. By the time of press release, the number of contracts traded in the past 24 hours had reached a record of 99195 Bitcoins. As of the time of press release, the nominal trading volume of Taifang options in the past 24 hours amounted to 948 million US dollars, the highest level since November last year. （CoinDesk）

The daily trading volume of Deribit Bitcoin options reached the highest level in 22 months

Analysis based on this information:


The cryptocurrency market has been affected by the recent market fluctuations and the collapse of several American banks, which has led to a surge in Bitcoin options trading volume on Deribit exchange, according to recent reports. This surge in trading volume has been attributed to investors seeking alternative investment options in the wake of the market volatility.

Deribit, one of the leading cryptocurrency exchanges, has witnessed a significant increase in Bitcoin options trading volume over the past few days. Amberdata, a data analytics firm, has reported that the trading volume of Bitcoin options valued at $2.4 billion has changed hands on Deribit over the past 24 hours. This represents the highest daily trading volume since May 17, 2021.

The highest number of contracts traded in the past 24 hours was reported to be 99195 Bitcoins which is a new record high. This trend can be observed across other cryptocurrencies in the market as well. The nominal trading volume of Taifang options in the past 24 hours amounted to 948 million US dollars, which is the highest level since November 2020, suggesting that investors are exploring beyond Bitcoin options for alternative investments.

The collapse of several American banks has added to the market uncertainty, which in turn has led to increased trading of Bitcoin options. Investors are showing a growing interest in Bitcoin as a safe-haven asset in times of economic and financial turmoil. This growing interest in Bitcoin investment options is likely to benefit the cryptocurrency market in the long run.

In conclusion, the current market fluctuations have led to an increased interest in Bitcoin options trading. Investors are seeking alternative investment options in times of financial uncertainties, and Bitcoin appears to be an attractive option for many. The surge in Bitcoin options trading volume is likely to continue as the market remains uncertain. Nonetheless, the long-term prospects for the cryptocurrency market seem promising as investors continue to explore different investment options.

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