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Its annoying that so many bitcoiners ignore these realities and act like the sky is falling.
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Degen traders getting killed by theta
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Its annoying that so many bitcoiners ignore these realities and act like the sky is falling.
Degen traders getting killed by theta
Derivatives, or leverage, are common to all markets... much different thing than selling coin that doesn't exist... they just cause a shock when a big player blows up.
More stock options are traded notionally than the underlying stocks in a given day.
Gold is estimated to have derivatives 15-25x the underlying, Bitcoin is more volatile so probably much less.
So even at 10x that's 210M BTC