The most recent statistics from Coinglass reveal a substantial surge in the open positions of both Bitcoin (BTC) and Ethereum (ETH) options. Currently, the nominal value for the entire network's open position of BTC options stands at around US$12.01 billion. At the same time, the open position of Ethereum options has reached US$6.5 billion.
These figures highlight the continuous growth of interest in cryptocurrency derivatives trading, particularly for top tokens like Bitcoin and Ethereum. They represent a wider adoption and increased use of sophisticated financial instruments among investors in the crypto market. This significant rise in open positions may also point towards traders hedging their positions or speculating on future price movements.
