Derivatives Week in Review: Futures trading volume falls over 20% week-over-week, ETH options trading volume drops for third straight week

Last week’s futures trading volume for BTC and ETH fell by more than 20% week-over-week, while the average daily open interest in futures remained basically stable, and the futures market as a whole maintained a long-short situation.

Derivatives Week in Review: Futures trading volume falls over 20% week-over-week, ETH options trading volume drops for third straight week

Futures trading volume fell more than 20% week-over-week, futures open interest dropped for two weeks in a row

The average daily futures trading volume of BTC and ETH continued to fall, but the decline narrowed by nearly half compared to the previous week. According to glassnode’s data, last week, the average daily futures trading volume of BTC was about 51.564 billion U.S. dollars, down about 23.57% week-on-week; the average daily futures trading volume of ETH was about 32.202 billion U.S. dollars, down about 20.21% week-on-week. on June 6, the futures trading volume of BTC and ETH was only about 36.883 billion U.S. dollars and 22.686 billion U.S. dollars which hit their respective lows in the last month.

Last week, the total open interest in BTC futures was basically flat compared to the previous week, with the average daily total open interest in futures being about $11.409 billion, an increase of only 0.91% compared to the previous week. the average daily total open interest in ETH futures was about $6.401 billion, a slight increase of about 6.85% week-on-week.

In terms of the weighted average interest rate of perpetual contracts, the weighted average interest rate of BTC futures perpetual contracts continued to retrace last week, with a daily average of about 0.0033%, a slight increase of about 7.26% week-over-week. the daily average weighted average interest rate of ETH futures perpetual contracts was about 0.0010%, a decrease of about 8.92% week-over-week. The futures market as a whole also maintained a long-short situation.

The ongoing sideways situation in the market has caused the popping of BTC and ETH to fall for two consecutive weeks. Last week, the average daily open interest of BTC and ETH was about 145 million USD and 115 million USD respectively, down about 35.67% and 40.41% week-over-week respectively. about 5.15 and 3.42, respectively.

ETH options trading volume fell for three weeks in a row, with a drop of over 40% last week

Last week, the average daily options trading volume of BTC and ETH were about $479 million and $164 million respectively, down about 11.82% and 40.06% week-over-week respectively. On June 6, BTC and ETH options trading volume was about $143 million and $63 million respectively, the lowest in the past month.

Last week, the average daily options open interest for BTC and ETH totaled about $5.887 billion and $3.698 billion, down slightly by about 9.06% and 3.03% week-over-week.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/derivatives-week-in-review-futures-trading-volume-falls-over-20-week-over-week-eth-options-trading-volume-drops-for-third-straight-week/
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