🚀Bitcoin contract positions hit a record high, and the long-short ratio reveals market sentiment!

According to the latest data from Coinglass, the current open interest has reached 39.916 billion US dollars, setting a record high (ATH), and the long-short ratio has also shown significant differentiation. Below, let’s quickly analyze the current market trends:

1. The exchange’s BTC contract holdings surged:

- As of October 18, 2024, Bitcoin’s holdings reached a new high, exceeding $399 trillion, an increase of several times compared to the beginning of the year.

- Contract positions on major exchanges such as Binance, CME, OKX, Bybit, and Bitget have increased significantly in recent months, showing the market's strong interest in Bitcoin.

- This increase may reflect investors' expectations for rising Bitcoin prices and confidence in the long-term potential of the cryptocurrency market.

2. BTC long-short ratio market sentiment:

- The BTC long-short ratio chart shows that although the market has experienced some volatility in the short term, long investors still dominate.

- As of October 18, 2024, the long-short ratio of Bitcoin within 24 hours was 1.0542, indicating that market sentiment is relatively optimistic and investors are positive about the current price trend.

- Positive data on this ratio also suggests that the market overall remains bullish on Bitcoin despite the uncertainty.

In summary, exchange Bitcoin holdings data not only reveals some key current trends in the cryptocurrency market. At the same time, the signals of Bitcoin positions and long-short ratio also provide us with trend information for analysis and judgment, and give us reason to believe that the market is preparing for the next wave of growth. However, investors still need to remain cautious and pay close attention to possible negative developments in the market.

What do you think of these market signals? Will you continue to be bullish next, or stay on the sidelines? Come and leave your opinions in the comment area!

#比特币动态 #加密货币市场 #多空比分析 #比特币持仓量 #未平仓量

💹 Bitcoin Options Market Surge: Open Interest and Trading Volume Rise Together, Market Volatility Expectations Heat Up!

According to the latest data from Coinglass, both the open interest and trading volume in the Bitcoin options market have seen significant growth, indicating a surge in investor interest in Bitcoin derivatives over the past two days.

Data shows that the total open interest for Bitcoin options across the network has risen from $27.755 billion yesterday to the current $31.919 billion, an increase of 13%; in addition, the trading volume of Bitcoin options on Deribit alone has skyrocketed from $2.465 billion yesterday to the current $6.345 billion, a staggering increase of 157%.

This substantial growth may reflect a rising expectation in the market for Bitcoin's price volatility in the near future, as well as an increase in speculative demand for Bitcoin-related derivatives.

Meanwhile, this Friday, Deribit will have 28,600 call options and nearly 20,100 put options expiring, with a total nominal value of $3.661 billion.

Additionally, this Friday, the ratio of call to put options is 0.41, indicating that the number of call options exceeds that of put options. The current maximum pain price for Bitcoin options is $68,000, which may be regarded as a key support or resistance level for Bitcoin's price by the market.

In conclusion, as market expectations for Bitcoin volatility rise, along with the increase in open interest and trading volume, it also indicates a significant increase in market hedging demand and speculative activity. Furthermore, the call/put ratio and maximum pain price provide clues about market sentiment and expected price volatility, which are crucial for understanding market dynamics and formulating trading strategies.

#比特币期权 #未平仓量 #成交量 #市场波动预期 #投机活动