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