Anti-crisis measures taken by governments and central banks around the world can indirectly help bitcoin (BTC) and its derivatives market, according to Luke Striders, chief crypto derivatives exchange Deribit.
“Governments printing money and lowering rates may turn out to be more interested in the BTC as a fight against fiat,” he told Cryptonews.com.
Also, in the coming months, the commodity market will depend on whether the BTC will be perceived as a risky asset, such as equity, or as a safe haven, such as gold, he added. Derivatives prices too.
Meanwhile, a recent rally in the crypto market has sparked discussions that BTC is being banished from stock markets.
However, according to Matt Greenspan, founder of Quantum Economics, the big downturn occurred on March 12 at a time when the stock market had reached its limit.
“The limits have greatly helped to avoid some sales action. At this point, bitcoin is simply taking care of some of the lost sites, but overall the loss is almost consistent, ”he wrote in today’s newspaper.
At pixels (16:41 UTC), BTC trading c. At $ 6,393, it reached almost $ 6,900 the day before. The price is still up 8% and 19% a week.
Meanwhile, after last week’s crash, both open interest and trading volume in bitcoin options (in US dollars) also increased automatically as the BTC price rose. At the same time, the open interest in the bitcoin futures market – the market for other key derivatives in the crypto space – did not see the same idea and, in the last days, did.
“A lot of people are trading on the spot (futures vs futures) which is much more interesting at current rates. A few weeks ago the annual revenue was significantly higher than today, ”the CCO added.
As a more complex financial instrument that offers the choice but not the obligation to acquire the asset at a given price, the option contracts are often used for hedging – a form of financial insurance – against positions in other markets.