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Deribit Exchange Sees Record Options Volume as Hot PPI Data Briefly Stalls Crypto Rally
Deribit Exchange Sees Record Options Volume as Hot PPI Data Briefly Stalls Crypto Rally
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Deribit exchange News -
July's U.S. Producer Price Index (PPI) surged 0.9% month-over-month, sharply exceeding the 0.2% consensus and marking the largest monthly gain in three years. The hotter-than-expected inflation data briefly rattled risk assets, sending Bitcoin from $121,000 to $117,100 before stabilizing above $118,500. ethereum mirrored the move, retreating from $4,800 to $4,600.
Deribit recorded $10.9 billion in daily options volume—a record high—as traders positioned for volatility. Open interest in Ethereum and altcoins remains elevated near all-time highs, signaling sustained Leveraged demand despite macroeconomic headwinds.
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