$20000, $20K, $20k handle, Binance, Bitcoin (BTC), Bitcoin derivatives, Bitcoin derivatives exchange, bitcoin futures, BitMex, BTC, BTC Prices, Bybit, CME Group, deribit, digital currency derivatives, ETH, Ethereum (ETH), ethereum futures, Finance, Futures, futures basis indicator, Notional Volume, Okex, Optimism, options, rolling 3-month basis

As the crypto economy sets its sights on half of a trillion in USD value, digital currency derivatives markets are swelling significantly. Bitcoin futures have surpassed a six-month high at $52 billion, while the crypto asset’s options markets have jumped massively too. Additionally, bitcoin options markets indicate that traders wager there’s a 29% chance the price of BTC will be above $20,000 by December 25, 2020.

At the time of publication, the entire cryptocurrency economy is hovering just below the 500 billion-dollar mark. While cryptocurrencies like BTC and ETH have seen solid spot market gains, crypto derivatives have skyrocketed with significant interest.

$20000, $20K, $20k handle, Binance, Bitcoin (BTC), Bitcoin derivatives, Bitcoin derivatives exchange, bitcoin futures, BitMex, BTC, BTC Prices, Bybit, CME Group, deribit, digital currency derivatives, ETH, Ethereum (ETH), ethereum futures, Finance, Futures, futures basis indicator, Notional Volume, Okex, Optimism, options, rolling 3-month basis

Data from the website Coinalyze indicates that global BTC futures have spiked over $52 billion, which is the highest derivatives markets have seen in over six months. The bitcoin futures momentum touched an all-time high (ATH) and the researchers from Skew.com tweeted about the milestone.

“All-time high for BTC futures daily volumes yesterday, exceeding the previous record by more than 20%,†the Skew analytics team said on Thursday.

The top three Bitcoin futures market leaders in late 2020 include exchanges like Okex, Binance, and Bybit, as the exchange Bitmex trails behind in the fourth position. As far as futures open interest is concerned, Okex captured $1.1 billion on Wednesday, November 19.

Skew noted that there is strong demand for the three to six month upside sharing a perspective from the BTC volatility surface. Skew.com also highlighted bitcoin options markets and the probability of the crypto asset reaching the $20k handle.

“The probability of bitcoin [at] $20k at year-end [equals] 25% according to the options market,†Skew also noted on Thursday.

$20000, $20K, $20k handle, Binance, Bitcoin (BTC), Bitcoin derivatives, Bitcoin derivatives exchange, bitcoin futures, BitMex, BTC, BTC Prices, Bybit, CME Group, deribit, digital currency derivatives, ETH, Ethereum (ETH), ethereum futures, Finance, Futures, futures basis indicator, Notional Volume, Okex, Optimism, options, rolling 3-month basis

The leading options exchange Deribit, the trading platform that commands a lion’s share of the world’s bitcoin options, discussed the recent demand for bitcoin derivatives. Deribit, said on Wednesday afternoon (EST), that there is “a lot of speculation about BTC reaching a new ATH by the end of the year.â€

$20000, $20K, $20k handle, Binance, Bitcoin (BTC), Bitcoin derivatives, Bitcoin derivatives exchange, bitcoin futures, BitMex, BTC, BTC Prices, Bybit, CME Group, deribit, digital currency derivatives, ETH, Ethereum (ETH), ethereum futures, Finance, Futures, futures basis indicator, Notional Volume, Okex, Optimism, options, rolling 3-month basis

“Options markets indicate a 29% chance BTC’s price could be above $20,000 by December 25, 2020,†the exchange Deribit said. The exchange has seen new trading records as far as options action is concerned, and total Deribit open interest is over $4.5 billion between both bitcoin and ethereum markets. Deribit stats also show 194,797 bitcoin options contracts with a notional metric at $3.49 billion and ETH options notional is at $581 million.

With anywhere between 25% to 29% of options swaps predicting the price will be above the $20k handle in late December, it doesn’t mean the bets guarantee the price will come to fruition. However, it does mean those traders are willing to bet money that BTC will reach that point at that particular time.

Traders tend to believe derivatives markets like bitcoin futures and options can help forecast future market sentiment. Oftentimes many traders leverage the futures basis indicator or the bitcoin futures annualized rolling 3-month basis to gauge market sentiment. As of right now according to the futures basis indicator optimism is still quite high.

What do you think about the recent bitcoin derivatives markets touching all-time highs and the probability of bitcoin reaching the $20k handle? Let us know what you think about this subject in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

RELATED NEWS

20 Bitcoin Block Rewards from 2010 Moved Today, Mystery Miner Spent $400 Million in BTC Since Black Thursday

On Saturday, February 27, 2021, news.Bitcoin.com reported on the great number of 2010 and 2011 block rewards being spent this year. In that report, it was said that the mysterious whale entity we’ve been hunting “did not move a major string of bitcoin’s†since January 25. Following the publishing of that study, on Sunday, the […]

Xem chi tiết: 20 Bitcoin Block Rewards from 2010 Moved Today, Mystery Miner Spent $400 Million in BTC Since Black Thursday

Crypto Users Claim Popular Bitcoin Paper Wallet Generator Is Compromised, Millions Allegedly Stolen

A number of forum posts and tweets say that the website bitcoinpaperwallet.com is compromised and people have said they have lost bitcoin using the paper wallet generator. Three years ago the website domain changed ownership and ever since then losses have been reported on Reddit forums, bitcointalk.org, Twitter, and other public venues. The owner of […]

Xem chi tiết: Crypto Users Claim Popular Bitcoin Paper Wallet Generator Is Compromised, Millions Allegedly Stolen

Report: Asia’s Cryptocurrency Landscape the Most Active, Most Populous Region ‘Has an Outsize Role’

Recently, Messari Crypto Researcher, Mira Christanto published a report that looks into Asia’s cryptocurrency landscape in-depth, as 60% of the world’s population resides in the region. Christanto’s study shows that six out of the top ten largest cryptocurrency unicorns are located in Asia. Moreover, 98% of ethereum-based futures and 94% of bitcoin futures volumes stem […]

Xem chi tiết: Report: Asia’s Cryptocurrency Landscape the Most Active, Most Populous Region ‘Has an Outsize Role’

The $282 Million Awakenings: 120 Bitcoin Block Rewards from 2010 and 2011 Woke Up This Year

On February 25, onchain analysts noticed two 2010 block rewards that were transferred after sitting dormant for over a decade. A lot of old blocks have been spent in 2021, and after the large strings of 2010 block rewards spent on January 3rd and 10th, another massive string of 20 block rewards from 2010 were […]

Xem chi tiết: The $282 Million Awakenings: 120 Bitcoin Block Rewards from 2010 and 2011 Woke Up This Year

Arca to Join the Bitcoin Trust Race Competing Against Numerous Crypto Fund Rivals

Another firm is joining the bitcoin trust sector, as the California fund manager Arca has filed a registration with the U.S. Securities and Exchange Commission (SEC) for its Arca Accredited Investor Bitcoin Trust. The trust will compete with a number of competitors including Grayscale’s popular bitcoin investment vehicle GBTC. Arca Files With the US SEC […]

Xem chi tiết: Arca to Join the Bitcoin Trust Race Competing Against Numerous Crypto Fund Rivals

Investment Firm Launches the First ‘Crypto Hedge Fund’ in Spain- Plans to Expand Across Europe, Latin America

In Spain, an investment company has begun to promote what they called the “first crypto hedge fund.†The product has been registered in Malta by Avenue Investment Crypto, headed by a crypto advocate, Martin Huete. Investments Allocated Mainly in Bitcoin and Ethereum According to Infobae, the hedge fund “exclusively†targets qualified investors whose minimum investment […]

Xem chi tiết: Investment Firm Launches the First ‘Crypto Hedge Fund’ in Spain- Plans to Expand Across Europe, Latin America

Dubai Based Crypto Investment Fund to Convert $750 Million Worth of BTC Into ADA and DOT Tokens

A Dubai based crypto-based investment fund, FD7 Ventures says it will offload bitcoins worth $750 million and will use the proceeds to increase positions in Cardano and Polkadot tokens. According to FD7 Ventures, this switch to the two altcoins will help the fund to better serve the interests of investors who are looking to diversify […]

Xem chi tiết: Dubai Based Crypto Investment Fund to Convert $750 Million Worth of BTC Into ADA and DOT Tokens

Spanish Real Estate Agency Offers an Apartment in Barcelona for Sale in Bitcoin- Taxes Must Be Paid in Fiat

A Spanish real estate platform has listed its first-ever property for sale for cryptocurrency. The offer is entirely online, and whoever wants to buy the apartment in Barcelona must pay in bitcoin. Anyone Interested Can Pay 3.5 BTC for the Property Per an official announcement, Idealista is seeking to sell its first property via BTC […]

Xem chi tiết: Spanish Real Estate Agency Offers an Apartment in Barcelona for Sale in Bitcoin- Taxes Must Be Paid in Fiat

Crypto Users Claim Popular Bitcoin Paper Wallet Generator Is Compromised, Millions Allegedly Stolen

Cryptocurrency Adoption Passes Another Milestone Surpassing 100 Million Users

Craig Wright Plans to Take Legal Action Against BTC Developers, Hopes to Recover Over $3B in ‘Stolen Bitcoin’

South Korean PC Gaming Rooms Rely on Crypto Mining to Profit During the Coronavirus Pandemic

US Judge Dismisses Motion Against Bancor After Finding Allegations Inadequate to Give It Jurisdiction

Bitcoin Dump Saw Exchange Inflow Jump Over 1,000%, Whale Address Sells 2,700 Coins, F2pool Hawks 3,633 BTC

Report: Bitcoin Mining Firm Northern Data AG Plans for a $500 Million IPO

Researcher Finds an Old Twitter Profile May Have Been Satoshi Nakamoto’s Account

Other Articles