HOW BITCOIN AND XRP TRADERS ARE POSITIONING THEMSELVES IN A CHOPPY MARKET ENVIRONMENT
https://s.yimg.com/ny/api/res/1.2/zCvEIqnM7QLvE3VyazP8aw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/coindesk_75/380eba2574f69cf26e8d6f293313cc73
✍️ Large traders of major cryptocurrencies are taking divergent paths in a market characterized by uncertainty, with some betting on volatility and others against it.
👉 Large traders of major cryptocurrencies are taking divergent paths in a market characterized by uncertainty. 👉 Some XRP traders are betting on the opposite of volatility, while others are betting on it. 👉 Non-directional options such as strangles and straddles are being used by traders. 👉 The crypto options market is flourishing due to its ability to enable traders to speculate on volatility along with price direction. 👉 The Deribit's BTC options market is worth over $44 billion in terms of notional open interest.
-- #LuukStrijers #LinChen #Deribit #Paradigm #technology
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