CME leads unprecedented growth in Bitcoin ‘cash’ open interest

2024-3-22 18:59

Quick Take

Recent data highlights a notable increase in Bitcoin open interest, reaching 500,000 BTC, despite a minor reduction of about 10,000 BTC during the latest dip from peak levels, according to Coinglass.

Bitcoin Futures Open Interest: (Source: Coinglass)

The total open interest has seen a 25% increase since early March, with a notable contribution from trading activities on the CME, an institutional platform. Specifically, the CME Group has experienced a significant upturn in institutional engagement, marking a 20% increase in its open interest since March 5, during a period of ten days of record-breaking growth, according to CME Group.

CME Bitcoin Futures Top 10 Open Interest days: (Source: CME Group)

This trend highlights a growing gap between CME, which requires cash margins, and Binance, which uses crypto margins.

Binance vs CME Futures Open Interest: (Source: Glassnode)

As cash-margined futures on platforms like the CME use stable assets for margins, such as USD, and grow in popularity, they could lead to a calmer Bitcoin market. Cash, a less volatile asset than BTC, continues to be the predominant margin asset.

Currently, crypto margin has fallen to around 20% of all margin accounts, with the remaining 80% being cash margins, according to Glassnode.

Futures Open Interest Crypto-Margined: (Source: Glassnode)

The post CME leads unprecedented growth in Bitcoin ‘cash’ open interest appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Open Trading Network (OTN) на Currencies.ru

$ 0.0064948 (+0.67%)
Объем 24H $0
Изменеия 24h: 1.44 %, 7d: 12.76 %
Cегодня L: $0.0064948 - H: $0.0064948
Капитализация $13.149k Rank 2181
Доступно / Всего 2.025m OTN / 100m OTN

open interest bitcoin btc reduction according coinglass

Источник: cryptoslate.com

open interest → Результатов: 126


Фото:

Yearn.finance (YFI) Posts Massive Short Squeeze Following Surge in Open Interest

Yearn.finance (YFI) has been facing heightened volatility as of late, with bears attempting to capitalize on recent drama surrounding one of the projects that Yearn’s founder is working on. However, the cryptocurrency’s descent now appears to be slowing slightly, with bulls posting an ardent defense of $22,000 – a price that was visited during a […]

2020-10-2 00:00


Рынки предсказаний объявили Трампа проигравшим после первых дебатов в США

По итогам первых телевизионных дебатов кандидатов на пост президента США блокчейн-рынки предсказаний присудили победу представителю Демократической партии Джо Байдену. New open interest during tonight's debate: 👀 Polymarket: $55k Augur: $10k Omen: $0 https://t.

2020-10-1 11:28


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Coinbase reports $1.64 billion in revenue on Q1

Coinbase Q1 earnings reveal a revenue of $1.64 billion, surpassing expectations with a significant increase in consumer transaction revenue. The post Coinbase reports $1.64 billion in revenue on Q1 appeared first on Crypto Briefing.

Биткойн-майнер перемещает BTC на сумму $3 млн, которые оставались нетронутыми почти 14 лет

Сумма в 50 биткоинов (3,3 миллиона долларов), которая оставалась нетронутой в течение почти 14 лет, переместилась сегодня, что говорит о том, что ранние майнеры либо консолидируют свои кошельки, либо обналичивают их.

47 Out Of Every 100 Bitcoin Mined Stored By One Custodian: Analyst

On-chain analysis now reveals that a single anonymous custodian, believed to be Cobo Custody, plays a crucial role in the Bitcoin network. In a post on X, one analyst said the custodian controls the Coinbase addresses of at least nine mining pools, cumulatively contributing at least 47% of the total hash rate.  This means that for […]