EconomyOffshore Bitcoin futures crash 97% as traders abandon traditional risk
Glassnode data shows dated Bitcoin futures volume across tracked offshore venues has fallen about 97% from 2021 levels. Perpetuals have become the preferred tool for leveraged directional exposure, while options increasingly serve hedging, volatility and downside-protection needs, squeezing dated futures between them.
Offshore Bitcoin futures crash 97% as traders abandon traditional risk
Economy