were victims of capitulation between May and June. The top two cryptocurrencies in market value experienced a sharp decline in investors’ interest in the options and derivatives market during this period, especially as the LUNA collapse happened.
, the Bitcoin and Ethereum derivatives market has spiked. You would also recall that BTC rose above $24,000 while ETH hit $1,800 in a market revival that could have contributed to the restoration.Reportedly, BTC and ETH have had more institutional capital pumped into their ecosystems. The leading on-chain data platform also noted that options traders have been making increasing buy calls and opening trade positions as the Ethereum Merge draws closer.
This stance has reflected that investors in the market have remained wary despite a renewed interest.