Derivatives week review: BTC and ETH daily futures trading volume fell by more than 45%, and the leverage ratio dropped to the lowest level in the year

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The average daily futures trading volume of BTC and ETH fell by 45% on a weekly basis, and the futures market ushered in a stalemate between long and short

According to data from glassnode, last week, the futures trading volume of BTC and ETH both fell by more than 45%. The average daily futures trading volume of BTC is about 67.462 billion US dollars, a week-on-week decrease of about 45.81%; the average daily futures trading volume of ETH is about 40.359 billion US dollars, a week-on-week decrease of about 45.11%. On May 30, the futures trading volumes of BTC and ETH were approximately US$43.844 billion and US$27.248 billion respectively, both of which were the lowest values ​​in two weeks, and decreased by about 81.83% and respectively from the two-week peaks set on May 19. 80.70%.

Total open interest in BTC and ETH futures continued to decline last week. The average daily open positions of BTC and ETH futures were about 11.307 billion US dollars and 5.991 billion US dollars, respectively, a week-on-week decrease of about 15.54% and 15.98%. The monthly highest single-week average (5/10-5/16) is about 45% lower. In addition, on May 29, the total open interest of BTC's single-day futures was about 10.970 billion U.S. dollars, the lowest level in May.

Last week, the daily weighted average interest rates of BTC and ETH futures perpetual contracts were about 0.003% and 0.001%, respectively, and the week-on-week corrections were about 15.21% and 8.46%, respectively. The futures market has returned to balance, and the advantages of long and short are not obvious at present.

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The average daily trading volume of BTC and ETH options hit the lowest in May, and the daily average open interest fell by more than 10%

In terms of options, last week, the average daily trading volume of BTC and ETH options was approximately US$543 million and US$273 million, respectively, a week-on-week decrease of approximately 59.17% and 44.59%. BTC and ETH weekly average option trading volumes reached the lowest levels in May at the same time.

Last week, the average daily open interest of BTC options was approximately US$6.473 billion, a decrease of approximately 10.28% week-on-week; the average daily open interest of ETH options was approximately US$3.813 billion, a decrease of approximately 11.72% week-on-week. On May 29, the open interest of BTC options was about 5.286 billion U.S. dollars, and the open interest of ETH options was about 3.056 billion U.S. dollars, respectively, creating the lowest value of this month.