Analysis: Derivatives Trading Indicator Shows Bitcoin Speculative Fervor is Cooling Off

BlockBeats News, November 15th, since Trump won the U.S. presidential election, the speculative frenzy around Bitcoin is gradually cooling off in the spot and derivatives markets.

In the derivatives field, K33 Research stated that the premium of Bitcoin futures listed on the Chicago Mercantile Exchange relative to the spot market price has decreased. Data from Amberdata shows a significant surge in open interest for Bitcoin put options with an $80,000 strike price within 24 hours.

Vetle Lunde, Director of K33 Research, stated, "The market seems to be cooling down, and the narrowing of the futures premium may be a subtle hint that risk appetite is trending towards moderation."

James Davies, CEO of the on-chain options and futures trading platform Crypto Valley Exchange, stated, "Currently, all trading is purely speculative, and we expect to see a lot of volatility and a lack of clear signals in the near future as we await policy announcements from the U.S." (Jinse)