10x Research: The market impact of Bitcoin options may significantly expand in the coming quarters

10x Research pointed out in its market analysis that recently, the impact of leverage on the Bitcoin ecosystem has undergone significant changes - whether through Bitcoin options, stock prices of Bitcoin mining companies, or companies like MicroStrategy - reflecting a broader pursuit by people to achieve high returns through complex financial strategies. This year, the monthly trading volume of Bitcoin options is between 42 billion and 71 billion US dollars.

Deribit continues to dominate the market with a 72% share, although this ratio is lower than 78% a year ago. Although options have become key tools for creating leverage, their importance is expected to further increase in future quarters. As more and more traders and institutions increasingly use options for strategic positioning, their impact on market dynamics may significantly expand.