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Bitcoin futures open interest soars to new heights ahead of Coinbase listing

Open interest in Bitcoin futures is soaring but volumes are falling. Open interest in Bitcoin futures has surged to new record highs ahead of Coinbase’s April 14 direct listing on the Nasdaq. Crypto market data aggregator Glassode states that Bitcoin open interest has exceeded $27 billion for the first time as Bitcoin pushed into new record highs above $63,000. The milestone suggests traders may be speculating on higher prices, although some may also be hedging against incoming volatility. #Bitcoin Futures Open Interest across major exchanges reaches record highs of more than $27B as $BTC hits new ATHs.Chart: https://t.co/GqgQ98W7Mq pic.twitter.com/KYBQC9WZxC— glassnode…

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BTC Futures Open Interest Hits $23B, Binance Captures Lion’s Share, Signals Say 43% Chance of $64K Bitcoin by Month’s End

Bitcoin futures open interest on Monday has crossed $23 billion according to data recorded on April 5. The crypto asset exchange Binance has taken the lead as far as open interest in bitcoin futures is concerned with a massive $10.5 billion in open interest. Binance Captures the Bitcoin Futures Lead Not too long ago, Bitcoin.com’s newsdesk reported on CME Group capturing the lead as far as open interest in bitcoin futures. Today, that’s no longer the case, as Binance has jumped ahead of the pack as far as delivering futures derivatives products for BTC. Skew.com analytics indicates that Binance is…

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Open Interest on Bitmex Drops 16%: Investors Withdraw 37,000 BTC in Less Than 24 Hours

Data from Arcane Research shows that open interest on Bitmex’s bitcoin derivatives market touched a new low of 45,122 BTC on October 1. The figure represents a 16% drop since the CFTC announced charges against Bitmex and its executives for allegedly operating an unregistered trading platform. According to Arcane Research’s post on Twitter, “the former yearly low was painted on the 30th of April when the open interest bottomed at 61,975 BTC.” The post adds that in the wake of the act CFTC, traders are “definitely closing their positions on Bitmex.” Open interest (OI) is the total number of outstanding…

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Bitcoin Options Traders Bet the Price of BTC Can Touch $36K by December

This past weekend, data shows the most active bitcoin options contracts were calls for $28k, $32k, and $36k by the year’s end. This means a number of options traders are betting the price of bitcoin will exceed the all-time high (ATH) the decentralized currency touched in December 2017. On September 14, researchers from the data analytics firm Skew.com tweeted about an unusual number of call options for December 2020 that are well above the 2017 ATH. “[December 2020] $28k, $32k, [and] $36k calls among the most active bitcoin options contracts yesterday,” Skew tweeted. All of these calls are well above…

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Bitcoin [BTC] Futures Open Interest Reaches All-Time High Above $5 Billion

Bitcoin [BTC] futures Open Interest (OI) across leading derivatives platforms topped its ATH in February to a new high above $5 billion. Okex Exchange is leading the futures market with an OI of $1.11 billion followed by BitMEX at 0.97 billion. The spikes on institutional platforms like CME and Bakkt are particularly grabbing the attention of the market. On 17th August 2020, the OI on CME at $948 million (an All-Time High) was nearly three times the OI during the high in February. Bitcoin Open Interest (OI) Across Derivatives Markets (Source: Skew) Along with Bitcoin, the futures OI for Ethereum…

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BTC and ETH Crypto Derivatives in Demand, Market Expected to Grow Further

Options interest and volumes reach their all-time highs, with derivatives markets exploding as market sentiments remain bullish on BTC and ETH. The crypto options market has been evolving rapidly over the second quarter of 2020. According to TokenInsight’s recent crypto derivatives industry report, trading volumes are seeing a 166% year-on-year increase compared to Q2 2019. The derivative products driving these volumes are futures and options. While futures grow with traders betting on a bullish price sentiment, both open interest and volumes of options have reached all-time highs.All-time highs On Wednesday, open interest in Ether (ETH) options hit an all-time high of $351…

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Crypto Derivatives Set New Records, ETH Futures Set All-Time Highs, CME Open Interest Spikes

Digital currency derivatives have been on fire during the last two weeks as ethereum futures volumes touched an all-time high on Sunday. The popular derivatives trading platform Deribit saw 1.9 million ETH contracts traded and CME Group is now the third-largest exchange in terms of bitcoin futures open interest. Data shows that cryptocurrency futures and options are seeing significant demand in 2020. Statistics from Skew.com, CME Group, The Tie, and Deribit indicate a lot of action has been happening in the land of crypto derivatives. Deribit’s recent newsletter shows that the exchange saw a new record in July as the…

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Spiking CME Bitcoin Futures Open Interest Could Signal Breakout Is Finally Near

Bitcoin futures open interest on the Chicago Merchantile Exchange suddenly surging 16% could be a signal that the recent boredom may finally break. After nearly three full months of sideways trading and record-low volatility, does this subset of traders have insight into a big breakout coming? Or could these traders potentially be jumping the gun yet again? Bitcoin BTCUSD Daily Bollinger Bands | Source: TradingView Bitcoin Price Finally Makes A Move, But Will The Range Break? BTCUSD is trading at $9,350 after one of the largest intraday moves in recent weeks. Yesterday’s early morning surge may have been the start…

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