Skip to content
Buzz Blockchain
Menu
  • Home
  • Bitcoin
  • Ethereum
  • News
  • Currency
  • Blockchain
  • Interview
  • Press Release
Menu
Deribit’s Sees Largest Bitcoin Options Trade

Deribit’s Sees Largest Bitcoin Options Trade

Posted on November 3, 2020

The world’s largest cryptocurrency, Bitcoin was being traded at $13,499 after a rather swift uptrend from $10,000. However, some market participants in the derivatives world appear to be aiming for at least $30,000 in the next three months. Crypto derivatives exchange Deribit revealed that the largest ever Bitcoin options has been filled on the platform.

According to the official tweet, 16,000 BTC contracts traded were traded on the 30th of October in January 2021’s 36,000 calls, and with that, the platform marked a new record of 47,000 BTC contracts traded. The latest development comes at a time when optimistic expectations were found to be quite high due to rapidly increasing institutional participation as well as mainstream adoption.

Growing bullish sentiment
The ‘call’ option is essentially the right to buy the underlying asset at the strike price on the expiry date and its use in the latest trade depicted a bullish sentiment in the derivative market. However, it is important to note that options are complicated financial instruments. This trade, in general, might not have been executed taking into consideration the volatility aspect rather than Bitcoin’s price. Hence, it also potentially suggested that the individual who placed the trade anticipated a rise in volatility in the short-term

Bitcoin’s price has surged all the way from the Black Thursday lows of $3,800 to the current level near $13,500 over the eight months, thus noting an increase of more than 250%. But it was the recent market surge, that has revived talks of Bitcoin hitting new record highs. This positive sentiment seeped through the derivatives sector as well which saw a significant rise in terms of its volume. Particularly, the options space has seen sizeable growth as Bitcoin’s dominance in the market increased.

And due to the latest news, the 24-hour Bitcoin options volume on Deribit’s platform reached a fresh all-time high. This was noted by Su Zhu, the CEO of Three Arrows Capital whose tweet read,

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Atua AI Develops Real-Time Control Models to Enhance Protocol-Level Coordination
  • Kwarden Token (KRN) Bullish Prediction Around Low Transaction Cost and Overall Security
  • Imagen Network (IMAGE) Launches Modular Personalization Hubs for Creator-Driven Ecosystems
  • Atua AI Introduces Smart Control Pipelines to Strengthen Protocol-Level Coordination
  • Imagen Network develops modular personalization engines to enhance creator-centric engagement
  • Wealth Transfer Token: Turning Speculation into Empowerment
  • The Wally Group’s Roadmap: Building Beyond the Meme
  • Atua AI Launches Next-Generation Frameworks to Elevate Multi-Chain Productivity
  • Kame aka $Kame: A Novel Crypto Initiative Powering SEE Turtles Conservation
  • Sliyd launches on Base with one-click digital wallets; The “100k Sliyd Drop” shows how easy onboarding can be
  • Atua AI Builds Intelligent Execution Models to Optimize Web3 Performance
  • Huddle: The Cross-Chain Web3 Dashboard Transforming Portfolio Tracking
  • Beast Seller: The Next Matt Furie Meme Coin With 100x Potential
  • Why Multi-Chain Meme Coins Like TWG Are the Future of Crypto Communities
  • Is the ‘Rich Dad’ Author Behind RDCD? The Hold-to-Earn Bet
  • $KURT: The Alien Martian Meme Coin Taking Over the Base Chain
  • Crypto for Good: How TWG is Turning Meme Power into Real-World Impact
  • Atua AI Integrates Modular Logic Layers for Smarter Application Scaling
  • Why Community-Led Projects Like TWG Outperform Hype-Driven Meme Coins
  • CryptoNewsFeeds Publishes Exclusive Sportsbet.io Review in French, Offering Transparent Insights for Crypto Gaming Fans
  • Setback to Success: How The Wally Group Rebuilt a $25M Market Cap Project
  • Atua AI Expands Layered AI Frameworks for Enterprise-Level Efficiency
  • Atua AI (TUA) Rolls Out Modular Processing Units for Consistent Enterprise AI Handling
  • Could Avilom Be the Next 100x Coin in 2025?
  • Atua AI (TUA) Deploys Workflow Templates for Faster Enterprise AI Integration
  • Dorky the Dork Lord: The Dark Horse of Ethereum Meme Coins
  • Atua AI Enhances Developer Customization With Scalable Node Orchestration
  • Community Relaunches TWG Token After WALLY Project Collapse and Developer Exit
  • NexulonAI ($NEX) Joins Forces with Industry Leaders to Strengthen DeFi Ecosystem
  • FG Capital Advisors Opens Private Round for Tokenized Carbon “Stream” Financing – Pre‑Launch SAFEs Now Available
  • TUA Deploys Responsive Compute Nodes for Cross-Chain AI Alignment
  • Acxwp Crypto Obtains U.S. MSB License, Fully Safeguarding Trading and Fund Security
  • AstralX: Connecting traditional finance and crypto markets, redefining a new model for global asset trading
  • Atua AI Refines Modular Control Systems to Improve AI Orchestration
  • UPNEWS Launches to Revolutionize News Consumption with Trust and Transparency
©2025 Buzz Blockchain | Design: Newspaperly WordPress Theme