According to BlockBeats, the speculative frenzy surrounding Bitcoin has been gradually cooling in both spot and derivatives markets since Donald Trump won the U.S. presidential election.
In the derivatives sector, K33 Research has noted a decline in the premium of Bitcoin futures listed on the Chicago Mercantile Exchange compared to spot market prices. Data from Amberdata indicates a significant surge in open interest for Bitcoin put options with a strike price of $80,000 within a 24-hour period.
Vetle Lunde, Head of Research at K33, commented that the market appears to be cooling, and the narrowing of futures premiums might subtly suggest a moderation in risk appetite.
James Davies, CEO of the on-chain options and futures trading platform Crypto Valley Exchange, remarked that all current trades are purely speculative. He anticipates significant volatility and a lack of clear signals in the near future as the market awaits policy announcements from the United States.
