According to Odaily, recent data from Glassnode highlights a significant uptick in speculative activity within the futures market. On December 8, open interest in futures soared to $50.6 billion, with trading volumes reaching $67 billion. This surge underscores traders' interest in betting on volatility and momentum following Bitcoin's recent price increase.
Additionally, the options market is showing signs of realignment as Bitcoin surpasses the $100,000 mark. As of December 8, open interest in options rebounded to $37.3 billion from $33.5 billion a week earlier, indicating a resurgence in hedging activities. However, this figure remains below the peak of $45.4 billion observed in November. The data suggests that while there is renewed interest in the options market, it has not yet returned to its previous highs.
