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During the weekend,
the Bitcoin derivatives market witnessed strong activity, with open interest in Bitcoin futures surpassing $82 billion, indicating significant participation from traders. At the same time, the options market showed a slight inclination towards the bullish trend.
The derivatives market has expanded as the spot price of Bitcoin stabilized. In the morning sessions, the price of Bitcoin was trading at $117,860 in the spot markets, with a daily trading range between $116,956 and $118,493. This stability in the spot price reflects traders' interest in seeking opportunities in the derivatives markets, whether for hedging or speculating on future price movements.
Risk Warning: Trading cryptocurrencies involves high risks and can lead to the loss of invested capital. You should carefully assess and understand the risks before entering any trade. This content does not constitute financial advice.
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