TechFlow news, November 15 — According to Jinshi Data, speculative enthusiasm surrounding Bitcoin has gradually cooled in both spot and derivatives markets since Donald Trump won the U.S. presidential election.
K33 Research noted that the premium of Bitcoin futures listed on the Chicago Mercantile Exchange over the spot price has declined. Data from Amberdata shows a sharp surge within 24 hours in open interest for Bitcoin put options with an $80,000 strike price. "The market appears to be cooling down," said Vetle Lunde, Head of Research at K33. "The narrowing futures premium could be a subtle indication that risk appetite is moderating."
James Davies, CEO of Crypto Valley Exchange, a blockchain-based options and futures trading platform, said, "All trading right now is purely speculative. We expect significant volatility and a lack of clear signals in the near term as we await policy announcements from the United States."
