• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Bitcoin News / Bitcoin Options $1 billion Open-Interest ‘unlikely’ to repeat in Q3 2020
Ethereum has Majorly Out-Shined Bitcoin in April, But for How Long?

Bitcoin Options $1 billion Open-Interest ‘unlikely’ to repeat in Q3 2020

June 29, 2020 by Utkarsh Gupta

The 2nd quarter of 2020 is approaching a conclusion and it has been a good 3-month period for Bitcoin. Recovering strongly after the collapse in March, Bitcoin’s price rallied admirably over the course of Q2 and re-ignited its derivatives market as well. The current month has been a bit of a letdown as BTC appears to end the month on negative returns but the bullishness in the derivatives market has reached new heights.

According to reports, the collective Open Interest of Bitcoin Options stood at $1 billion yesterday before its expiry, summing up a positive period for the ecosystem.

we

Arcane Research’s recent weekly update suggested that the bearish sentiment of June has translated a little into the futures contracts as the premiums on BTC futures remain on the lower side before yesterday’s expiration period.

As observed, the premiums on June contracts were down to only 0.13 percent for CME, whereas other retail platforms incurred a minor premium of 0.10 percent 24-hours ago. However, the report suggested that CME traders were already trading at a bullish premium for BTC futures contracts expiring in September.

Will Q3 2020 pile the same level of activity for Bitcoin Futures?

In line with the bullish sentiment followed by current CME traders for BTC futures in September, it is quite possible the Q3 2020 might not procure the same level of OI or futures volumes. Q2 2020 saw an incline in futures volume largely because Bitcoin’s price performed beyond anyone’s expectation.

The largest digital asset ousted various traditional stocks in terms of recovery and the bullish narrative carried over in the futures market.

However, the current situation was slightly different.

Despite a successful Q2, June has not been the best of months in terms of Bitcoin returns. The asset looks set to end on negative ROIs unless it crosses $9800 in the next 4-days.

Bitcoin’s price underwent a rally in Q2 because a lot of hype was built around its imminent halving. People expected the price to rally before and after the event, and even though the former wish came true, the latter did not pan out really well.

June embodies Bitcoin’s current situation and it seems the token may navigate through a prolonged period of corrections.

Hence, it is unlikely that Bitcoin futures would amass another $1 billion in OI for Q3 2020 but 3-month is a long period and the tables can turn fast in the digital asset industry.

Filed Under: Bitcoin News, News Tagged With: Bitcoin (BTC), Bitcoin futures, btc

Primary Sidebar

Recent Posts

  • Where Is Chainlink’s Price Headed? January 24, 2021
  • It’s Ethereum’s Turn To Soar Higher; Here’s Why January 24, 2021
  • Here’s How Tether Inflows Played Crucial Role in Identifying Bitcoin’s Dip Buy Opportunities January 24, 2021
  • Chainlink reaches ATH of $24; Is Grayscale taking notice? January 23, 2021
  • NYDFS Seeks New Tools To Collect Real-time Financial Data January 23, 2021


Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2021 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.