Bitcoin

Bitcoin options volume hits highest level in almost two years – U.S. banking failures sparking volatility

03/14/2023
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Quick Take

  • Options volume is at its highest level in almost two years; the total volume (USD Value) traded in options contracts in the last 24 hours.
  • In BTC terms, this has surpassed over 100,000, or over $2.5 billion, in the past 24 hours.
  • Three U.S. banks have collapsed in the past week, injecting volatility into the marketplace — which could be a reason for investors to hedge in the options market.
  • As a result, options implied volatility has picked up massively, surpassing year-to-date highs at 78%.
  • This has also seen a spike in the VIX and Move index in traditional markets.
Options Volume: (Source: Glassnode)
Options Volume: (Source: Glassnode)
Options ATM Implied Volatility: (Source: Glassnode)
Options ATM Implied Volatility: (Source: Glassnode)

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Source: https://cryptoslate.com/insights/bitcoin-options-volume-hits-highest-level-in-almost-two-years-u-s-banking-failures-sparking-volatility/