Cryptocurrency

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

quick take

  • Option volume is at its highest level in almost two years. The total volume (in USD value) traded on the option contract in the last 24 hours.
  • Converted to BTC, this has surpassed 100,000 in the last 24 hours, exceeding $2.5 billion.
  • Three US banks failed in the past week, adding volatility to the market. This can be a reason for investors to hedge in the options market.
  • As a result, option volatility surged to above the year-to-date high of 78%.
  • This has also caused the VIX and Move indices to surge in traditional markets.
Optional Volume: (Source: Glassnode)
Options ATM Implied Volatility: (Source: Glassnode)
Options ATM Implied Volatility: (Source: Glassnode)

Post Bitcoin options volume has reached its highest level in almost two years. The US bank failure that sparked volatility first appeared on CryptoSlate.

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