Futures trading surge: On December 8, open interest in the Bitcoin futures market skyrocketed to 50.6 billion USD, while trading volumes reached 67 billion USD. This surge reflects a substantial increase in speculative trading activity as investors react to Bitcoin’s price volatility and rising market dynamics.
Options market recovery: The Bitcoin options market saw open interest rise to 37.3 billion USD on the same date, up from 33.5 billion USD the previous week. Although still below November’s peak of 45.4 billion USD, this increase suggests a cautious revival in hedging activities as traders adapt to the current market shifts.