Recent days have seen increased market volatility as the FTX saga blows up.
Binance’s offer to buy FTX gives the beleaguered exchange a lifeline. However, as made clear by Binance CEO Changpeng Zhao (CZ,) the deal is subject to satisfactory due diligence.
Crypto Twitter is awash with speculation that once FTX’s books have been reviewed and cost-benefit analysis has been considered CZ will pull out of the deal.
Meanwhile, analysis conducted with Glassnode data showed Bitcoin derivatives markets have responded accordingly.
Bitcoin Open Interest Put/Call Ratio
A put is the right to sell an asset at a set price by a specified expiration date. Whereas a call refers to the right to buy an asset at a set price by a specified expiration date.
The Open Interest Put/Call Ratio (OIPCR)is calculated by dividing the total number of puts open interest by the total number of calls open interest on a particular day.
Open interest is the number of contracts, either put or call, outstanding in the
We współpracy z: https://cryptoslate.com/bitcoin-options-traders-swing-bearish-as-ftx-fallout-takes-hold/
