News

According to CoinDesk, BlackRock's Bitcoin spot ETF (IBIT) options have grown rapidly since their launch on November 19, 2024. The current open contracts have reached 2.16 million, with a nominal value of $11 billion, accounting for about 50% of Deribit's Bitcoin options market ($23 billion). In an interview, Deribit CEO Luuk Strijers stated that IBIT options mainly serve the group of U.S. retail investors who were previously unable to enter Deribit. Not only has it not impacted its business but also brought positive effects to institutional participants by creating new arbitrage opportunities and risk hedging strategies. He added that IBIT option trading is mainly concentrated in short-term contracts, reflecting the market demand for low-premium options. Cryptocurrency derivatives protocol Volmex Finance pointed out that due to BlackRock's Bitcoin ETF having compliance advantages as a basic asset, IBIT options are attracting U.S. institutional investors and retail investors who prefer regulated markets.

PANews reported on January 14th that Singaporean cryptocurrency investment firm QCP Capital stated today that the global market has already digested the re-adjustment of expectations for a Federal Reserve rate cut. The yield on 10-year government bonds soared to 4.8%, a new high since the end of 2023, and the market currently expects no rate cuts until October. Stock futures opened down by 1.5%, causing Bitcoin to fall below $90,000 before steadily rebounding above $95,000. What will happen next? Key PPI and CPI data are about to be released. We believe potential upside surprises may occur as markets begin adapting to the reality of long-term high interest rates; some people have even started considering the possibility of raising interest rates. The momentum of rising yields could test financial market resilience. In crypto space, caution is evident in BTC options flow with put options pushed below key support at $90k USD level . Short-term volatility and option spreads remain elevated while VIX index stays at a high level of 18.68 indicating volatility might continue into January. However, there's still hope for catalysts in this market scenario . Reports suggest Trump may sign an executive order addressing "debanking" issues and abolishing controversial cryptocurrency accounting policies on his first day in office which could provide a boost for markets.