Bitcoin’s rally rekindles the derivatives market
Summary
Bitcoin's recent price surge from $56,680 to $65,025 has revitalized the derivatives market, with open interest in the futures market increasing from $26.97 billion to $33.25 billion. The options market also experienced a similar spike, reflecting traders' enthusiasm. Notably, over 65% of the distribution in the options market were calls, indicating a significant shift in market sentiment towards a bullish outlook.
