The post What Does Rising Derivatives Activity Mean for Crypto? appeared com. Binance futures trading volume has seen a massive increase across major assets. Meanwhile, Deribit options data indicate that traders are adopting protective strategies, notably through heavy put purchases and large-scale call selling by entities. Together, this suggests that the market is entering a high-volatility phase, where the next move is likely to be large, and options traders are leaning defensively. Sponsored Sponsored Crypto Derivatives Traders Position for Big Move With Futures and Puts Activity The cryptocurrency derivatives market witnessed a notable shift in late November. Futures trading volume surged across all major assets on Binance, the world’s leading cryptocurrency exchange by trading volume. On Sunday, Bitcoin futures reached a trading volume of $48. 4 billion, one of the largest spikes in recent months. Ethereum (ETH), Solana (SOL), XRP (XRP), TRON (TRX), and BNB (BNB) futures also saw concurrent jumps, suggesting coordinated positioning rather than isolated speculation. “When futures wake up like this, it usually means traders are positioning for a much larger move not grinding sideways. Both hedgers and momentum traders are re-entering with size, and Binance is once again where the liquidity rush is happening. The quiet phase is over. Volatility is back on the table,” an analyst wrote. Crypto Futures Volume. According to Deribit, options flows have “front-run the market moves” in recent weeks, with a strong tilt toward downside protection. A key development is the sudden disappearance of a large call-selling entity widely known as the Call Overwriting Fund (OF). Throughout the summer and into October, this entity consistently sold Bitcoin call options, a strategy typically used by funds and miners to generate yield against long spot holdings. Their absence has removed a major source of volatility suppression, contributing to rising.