$111 million came from options alone
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Bitcoin’s price jumped to fresh 11-month highs on Friday with the options market betting on a sustained bull move.
Exchange Deribit has more than doubled on its previous daily record with well over $500 million worth of bitcoin options traded.
The likelihood of bitcoin challenging 2017’s record high by the end of this year may have just nudged up – but don’t raise your hopes too high just yet.
Data from major exchanges shows that open interest in ether options rose to a new lifetime high of $194 million on Tuesday.
Bitcoin volatility drops to historic lows as the cryptocurrency stays just above $9,000.
Options market data suggests bitcoin could become more volatile than ether over the next three months.
Decentralized options marketplace Opyn has launched put options on COMP that will provide a safety net of sorts should COMP’s fortunes take a turn for the worse.
The former chief operating officer of BitMEX is joining the board of a group of investors in crypto options exchange Deribit.
The post Former BitMEX COO joins board of Deribit investor group appeared first on The Block.