Institutions Focused on These Prices for SOL and DOGE: Experiencing High Trading Volume! - Coin Bulletin

The altcoin options trading on the PowerTrade platform has gained significant activity as XRP, Solana (SOL), and Dogecoin (DOGE) investors seek to capitalize on market fluctuations.

Recently, the volatility in the cryptocurrency market has significantly increased investors' interest in altcoin derivative products. Especially in the options market, it is observed that investors are conducting intense transactions to protect themselves from price fluctuations or to quickly make profits.

The trading volume in XRP options exceeded 5 million dollars this week, with reports indicating that investors are taking balanced positions between buy and sell options. Bernd Sischka, the institutional sales manager at PowerTrade, stated that investors are preparing for significant short-term price movements, and that regulatory developments or technical breakouts could trigger these movements.

Investors acted more defensively on the Solana side, apart from XRP. At the beginning of the week, the SOL price, which fell to 95 dollars due to the trade war between the USA and China, later rose to 115 dollars, but investors still preferred to reduce their risks by buying put options between 104 and 121 dollars.

On the other hand, investors maintain their bullish expectations on the Dogecoin side despite the declines. **DOGE, which fell to 13 cents earlier this week, losing 65% of its value from 48 cents in December, is currently trading at 15.7 cents. However, the high interest in short-term call options between 14.5 and 18 cents suggests investors' expectation of speculative and social media-driven rapid price rises.

The PowerTrade altcoin options market, although it still has a smaller trading volume compared to the Deribit exchange where Bitcoin (BTC) and Ethereum (ETH) options are traded, is seeing rapid growth in interest. Experts believe that short-term and direction-focused options trading is making the altcoin market increasingly popular.