Glassnode released data on the X platform saying that the futures market confirmed strong speculative activity. On December 8, futures unpositioned squaring positions surged to $50.60 billion and trading volume reached $67 billion. The surge highlights traders' interest in betting on volatility and momentum following BTC's recent rally.
Furthermore, the options market is showing signs of readjustment as BTC breaks through $100,000. As of December 8, the option unpositioned squaring contract (OI) rebounded to $37.30 billion from $33.50 billion a week earlier, indicating renewed hedging activity. However, this is still below the November peak of $45.40 billion.
Glassnode: Futures unpositioned squaring positions surged to $50.60 billion yesterday, confirming strong speculation
2024-12-09 20:10:46
Glassnode platform release data futures market confirmed strongdesk3cryptocurrencydesktopCrypto News
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