Demand for bitcoin options contracts surges as investors seek risk-defined exposure: Glassnode
Financial market investors are increasingly turning to risk-defined derivative instruments, as evidenced by the surge in demand for bitcoin options contracts , with open interest nearing its all-time high. On-chain data reveals distinct bitcoin market signatures According to Glassnode, an on-chain data provider, the demand for bitcoin (BTC) options contracts has witnessed a remarkable surge, with open interest reaching $13.8 billion, coming close to its all-time high of $15.1 billion. This remarkable increase suggests investors actively seek risk-defined derivative instruments to expand their investment exposure . On-chain data is crucial in analyzing market sentiment and trends within the cryptocurrency space. #Bitcoin Options Contracts have experienced an increase in demand as Open Interest recently soared to a value of $13.8B, just $1.3B shy of the ATH of $15.1B. This suggests market investors are increasing their exposure to risk-defined derivative instruments. pic.t...