Preview
Perps are seemingly taking a breather…
After a quiet week in the market, we see no noteworthy changes in the sentiment in perps as funding rates still trail at or below neutral.Preview
…But under the hood leverage is surging
Open interest in perps is once again surging. The BTC denominated open interest has grown by 41,000 BTC since May 15th, leading BTC denominated OI to reach a new all-time high of 290,000 BTC.Preview
Options traders have never been more focused on hedging exposure
Skews tells a story of a remarkably high demand to hedge in the options market, with both short-dated and longer-dated options seeing recent all-time highs.Preview