Trading volume records in bitcoin’s options market were smashed on Monday as investors scrambled to hedge their positions amid the selloff.
Bitcoin is unlikely to get bid up after the May 2020 mining reward halving, based on the way the cryptocurrency’s options are valued.
As ether’s price rose to seven-month highs on Wednesday, the aggregate daily volume in ether futures exceeded $4.5 billion for the first time since June 27, 2019.