{"id":101923,"date":"2024-11-28T19:12:59","date_gmt":"2024-11-28T23:12:59","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=101923"},"modified":"2024-11-28T19:27:45","modified_gmt":"2024-11-28T23:27:45","slug":"donald-trump-win-fuels-bitcoin-derivatives-boom","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/donald-trump-win-fuels-bitcoin-derivatives-boom\/","title":{"rendered":"Donald Trump Win Fuels Bitcoin Derivatives Boom"},"content":{"rendered":"\n

Bitget CEO highlighted Donald Trump\u2019s victory as a catalyst for market optimism, suggesting that investors are factoring in favorable regulatory developments.<\/p>\n\n\n\n

\"Donald
Donald Trump Win Fuels Bitcoin Derivatives Boom<\/figcaption><\/figure>\n\n\n\n

The open interest in Bitcoin futures<\/a> has surged significantly since Donald Trump's victory in the presidential election in the United States on November 5. This indicates that there has been an increase in trading activity and market speculation.<\/p>\n\n\n\n

Donald Trump Victory Fuels Raise In Bitcoin Futures <\/h2>\n\n\n\n

Bitfinex analysts continue to assert that leveraged trades are not at risk of an immediate market correction, despite the rise that has occurred. According to data provided by Coinglass, the open interest in Bitcoin futures has increased from $39 billion on November 5 to a current level of $60.9 billion. <\/p>\n\n\n\n

This leads to a notable surge in the value of holdings associated with Bitcoin derivatives contracts, encompassing a substantial number of leveraged positions. Bitfinex experts explained that the increase in open interest is organic and driven by the expectation of future price appreciation.<\/p>\n\n\n\n

According to the statement, traders, including institutions, used the phrase “leverage build-up” as a standard method to position themselves for anticipated market changes.<\/p>\n\n\n\n

Additionally, as of November 22nd, they observed a slight decrease in open interest, particularly around the $94,000 level, which was the level at which major seating orders were filled. We do not consider the recent build-up of leverage to be abnormal. <\/p>\n\n\n\n

The analysts went on to say that the price retreating to the $93,000 range was a typical example of a downturn. Bitget's Chief Executive Officer, Gracy Chen, is of the opinion that the election victory of Donald Trump<\/a> has served as a catalyst for the increased leverage in the market.<\/p>\n\n\n\n

The high leverage in the market proves that investors are beginning to value the market based on technical and regulatory improvements, and the surge in open interest is a good thing, fueled by the conviction of a better environment under Trump that can help Bitcoin thrive.<\/p>\n\n\n\n

On the other hand, Chen pointed out that price corrections, which could take the form of long squeezes, are a possibility because of the intrinsic volatility of Bitcoin. These corrections have the capacity to calm the market in situations when leverage is excessive.<\/p>\n\n\n\n

\"\"
Bitcoin futures open interest has surged since Donald Trump won the U.S. presidential election. Image: Coinglass<\/figcaption><\/figure>\n\n\n\n

In spite of the fact that Bitcoin has recaptured the $95,000 mark with the publication of the most recent PCE price index, \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>ether has emerged as the most successful cryptocurrency. <\/p>\n\n\n\n

As of November 27, Ether has experienced a surge of more than five percent, reaching a high of $3,600. Analysts are pointing to a capital rotation from Bitcoin to Ether.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitget CEO highlighted Donald Trump\u2019s victory as a catalyst for market optimism, suggesting that investors are factoring in favorable regulatory developments. The open interest in Bitcoin futures has surged significantly since Donald Trump’s victory in the presidential election in the United States on November 5. This indicates that there has been an increase in trading […]<\/p>\n","protected":false},"author":62,"featured_media":101932,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[152,1804,376,12496,11943,148],"class_list":["post-101923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitget","tag-cryptocurrencies","tag-donald-trump-2","tag-elections","tag-ether"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/images-58-1.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/101923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=101923"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/101923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/101932"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=101923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=101923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=101923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}