BTC Derivative Traders Eying $60,000 Mark

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Bitget2024/02/28 05:52

By:Bitget

BTC Derivative Traders Eying $60,000 Mark image 0

The chart shows a 24-hour change in bitcoin options, open interest, or the number of active option contracts, at various strike levels.

Open interest has increased in call options at strikes $58,000, $60,000 and higher.

Call options give the purchaser the right but not the obligation to buy the underlying asset at a predetermined price at a later date. A call buyer is implicitly bullish on the market.

Source: Amberdata

Futures Market Updates

Over the past 24 hours, the BTC futures market suffered from liquidations from both sides. Major cryptocurrencies such as BTC and ETH still dominate the market. Investors slightly favor long contracts over short contracts.

Bitcoin Futures Updates

Total BTC Open Interest: $25.67B (+3.44%) BTC Volume (24H): $77.36B (-3.71%) BTC Liquidations (24H): $33.89M (Long)/$35.14M (Short) Long/Short Ratio: 50.38%/49.62% Funding Rate: 0.0186%

Ether Futures Updates

Total ETH Open Interest: $11.17B (+0.00%) ETH Volume (24H): $30.40B (-25.57%) ETH Liquidations (24H): $12.10M (Long)/$14.20M (Short) Long/Short Ratio: 51.36%/48.64% Funding Rate: 0.0260%

Top 3 OI Surges

1000PEPE: $255.14M (+9290%) 1000FLOKI: $23.63M (+89.91%) PEPE: $61.56M (+73.64%)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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