The volume of trading in Bitcoin options on crypto exchange Deribit amounted to $4.25 billion at the end of the previous week. The last time such high values were observed against the backdrop of a surge in volatility due to the collapse of FTX.
According to Amberdata, the indicator is up 375% compared to the last week of December.
The increase in trading activity was probably due the the growing interest in buying call options, which indicates the bullish mood of most market participants.
According to Kaiko Research experts:
“The share of calls in relation to the total trading volume reached a record 66% for the year. This is yet another indicator of an improvement in sentiment in January.”
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