Https://cb.run/BSnP Ether creates history as key metric in ETH options exceeds Bitcoin by 32%While Ethereum created history by taking over Bitcoin in the options market, the ETH futures contract entered price backwardation.
4773 Total views 207 Total shares Ether (ETH) has taken over Bitcoin (BTC) in the options market for the first time in history as the open interest (OI) of Deribit Ether options, with a value of $5.6 billion, exceeded the OI of Bitcoin options worth $4.6 billion by 32%.
OI is calculated by adding all the contracts from opened trades and subtracting the contracts when a trade is closed.
It is used as an indicator to determine market sentiment and the...