Contrasting currents in crypto market as Bitcoin futures plunge, crypto-margin soars

2023-9-1 12:00

Quick Take

The recent data analysis indicates a critical shift in Bitcoin futures contracts, particularly in the wake of the Grayscale lawsuit. Bitcoin open interest, the total number of outstanding futures contracts, has suffered a significant reduction, with a rough estimate of 400,000 Bitcoin in futures contracts representing one of the lowest readings year-to-date.

The diminishing liquidity signals a potential change in investor sentiment or strategic investment decisions.

Open Interest: (Source: Coinglass)

Interestingly, while overall Bitcoin futures contracts have declined, crypto-margin futures contracts assert a contrary trend. Crypto-margin refers to futures contracts with open interest margined in the native cryptocurrency (Bitcoin, in this case) rather than a traditional currency like USD or a stablecoin.

The crypto-margin is set to reach new year-to-date highs, with approximately 135,000 Bitcoin, or around 33% of all open interest contracts, being placed in the crypto margin.

Crypto margin: (Source: Glassnode)

The post Contrasting currents in crypto market as Bitcoin futures plunge, crypto-margin soars appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Filecoin [Futures] (FIL) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $5.1636
Капитализация $0 Rank 99999
Доступно / Всего 0 FIL

futures bitcoin contracts suffered significant interest outstanding

futures bitcoin → Результатов: 126


Bitnomial launches physically settled bitcoin (BTC) futures with up to 35% margin

Bitnomial, a U. S. -based cryptocurrency derivatives exchange company, today announced the launch of physically-settled Bitcoin futures with up to 35% margin. Initially, Bitnomial will offer trading in two quarterly contracts, Bitcoin US Dollar Futures, and Deci Bitcoin US Dollar Futures, sized for both institutions and individuals, and does not charge for market data or trading access.

2021-11-16 03:17


Bitcoin At Risk of Correction at $9.1k as U.S. Futures Hint a Sell-Off

Bitcoin is holding its intraday gains above $9,100 on Thursday. But the cryptocurrency risks downside correction as the U.S. futures hint at a shaky start after New York opening bell Thursday. The unsteadiness surfaced as China approved a proposal for a national security law in Hong Kong, raising possibilities of a new geopolitical conflict with...

2020-5-28 14:00