CONNECT WITH US
Web3 & Blockchain

Web3 & Blockchain

Bitcoin traders face an eight-hour blind spot as Deribit prepares to delay key market data

CryptoSlate logo

Published on

Add as a preferred source on Google
Bitcoin traders face an eight-hour blind spot as Deribit prepares to delay key market data

Deribit plans to delay public open interest by eight hours from Nov. 10. Prices and trading remain live outside the separate maintenance outage.

Bitcoin traders using Deribit's public positioning data will face an eight-hour lag under a release scheduled for Tuesday, Nov. 10. The change will leave charts of outstanding futures and options positions looking backward even as traders compare them with current prices.

Deribit's updated release notice schedules maintenance for 09:00 UTC, with about 45 minutes of downtime during which clients cannot communicate with the exchange. The release was postponed from Nov. 5.

The broadest change concerns open interest, the positions that remain open. Public figures will show the state eight hours earlier across all futures and options, whether or not any trades were delayed. Deribit says real-time open interest will no longer be available through its API.

A chart combining current Bitcoin prices with that public open interest will mix two different observation times. A price move alongside a displayed rise or fall in positions will therefore be insufficient to establish whether traders added or closed positions during that move.

The same limitation carries into expiry analysis. Concentrations of open interest across option strikes will describe earlier positioning. “Max pain,” the settlement price that would minimize aggregate intrinsic-value payouts to option buyers, will inherit delayed inputs when it uses the affected public data.

Deribit's education material already describes max pain as a limited tool when used alone. The reporting change adds a freshness problem: a dashboard refreshed moments ago can still be displaying positioning from at least eight hours earlier.


Source link
Related Topics:Web3 & Blockchain

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.