Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Low volatility and leverage in the options and futures markets suggest recent price increases are being driven by demand in the spot market

Low volatility and leverage in the options and futures markets suggest recent price increases are being driven by demand in the spot market

Cointime2024/03/09 07:29
By: Cointime
BTC+0.34%

The lower volatility and leverage in the options and futures markets suggest that Bitcoin's breakthrough of $70,000 on Friday was more driven by demand in the spot market. Retail investors tend to buy tokens in the spot market rather than using derivatives that help increase leverage. Luke Nolan, research assistant at cryptocurrency asset management company CoinShares, said that the current rise in Bitcoin prices seems to be more driven by the spot market as it is "healthier" and has lower leverage than on Tuesday.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitget Onchain trading system upgrade completed
Bitget Announcement2025/09/17 03:33
New spot margin trading pair — ZKC/USDT!
Bitget Announcement2025/09/16 06:28
CandyBomb x ZKC: Trade futures to share 66,666 ZKC!
Bitget Announcement2025/09/16 06:00

Trending news

More
1
Bitget Onchain trading system upgrade completed
2
Bitget Trading Club Championship (Phase 9)—Trade spot and futures to share 120,000 BGB, up to 2200 BGB per user!

Crypto prices

More
Bitcoin
Bitcoin
BTC
$117,243.52
+1.21%
Ethereum
Ethereum
ETH
$4,546.02
+0.74%
XRP
XRP
XRP
$3.04
+1.34%
Tether USDt
Tether USDt
USDT
$1
+0.03%
BNB
BNB
BNB
$956.72
+2.85%
Solana
Solana
SOL
$237.94
+0.85%
USDC
USDC
USDC
$0.9999
-0.01%
Dogecoin
Dogecoin
DOGE
$0.2689
+0.61%
TRON
TRON
TRX
$0.3423
-1.11%
Cardano
Cardano
ADA
$0.8829
+2.22%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter