The time-dependent evolution of the main contract opening volume of Bitcoin options in the second quarter

Recently, the peer-to-peer data analysis team conducted a time-dependent evolution analysis on the opening volume of the Deribit exchange’s June 26 expiration options contract since its listing at the end of last year and as of the 10th of this month. The preliminary results are shown as follows:

It can be seen from the figure that after the global financial assets generally plummeted on March 12, the price layout of the Bitcoin options market at the end of the second quarter has also undergone structural changes. , and is likely (image analysis) to be accompanied by a large number of short-term forced liquidation of put options and a sharp drop in the open interest of put options; however, this panic period is also accompanied by a sharp drop in the price of call options, thus attracting long-term bullish investment People's "huge amount" of buying, especially the open positions of long options with a value of more than 30,000 US dollars, jumped to 3,300 bitcoins in a short period of time, and the current nominal contract value exceeds 20 million US dollars. It can be seen from this that the options market has both long and short positions, and the market split is still relatively obvious.