These 3 Trends Are Driving Crypto Market Growth Now
The latest CoinDesk Quarterly Review looks at some of the main drivers of crypto market evolution including DeF, derivatives and stablecoins.
Sophisticated actors are taking from amateur investors in bitcoin derivatives trading, according to Carnegie Mellon researchers using data from BitMEX.
Binance's crypto derivatives platform sees record open interest as retail participation grows.
"Market makers were heavily short puts in the range of $52,000 to $50,000, and I estimate were forced to sell nearly 2,900 bitcoin," one trader said.
The BitVol index level puts the cryptocurrency's annualized volatility at 100%.
More than 57,000 BTC have been withdrawn from BitMEX since Sept. 30.