Bitcoin has seen a surprise Saturday surge to a 12-month high as $15,000 becomes a real possibility in the near term.
Bitcoin futures open interest is currently at an all-time high as traders expect more upside for BTC’s spot price.
The price of Bitcoin has surpassed $11,600 for the first time in 12 months as traders say that there is a lot of open range between $11,600 and $15,000.
Bakkt breaks another record with more than 11,700 Bitcoin futures contracts traded on Tuesday.
Volumes on bitcoin futures offered by Bakkt set a record high on July 27, with 11,500 contracts traded on the institutional exchange. Altogether, the contracts are worth about $126 million, at the time of writing. Each contract is equivalent to one bitcoin (BTC). Total open interest – an indicator of the total number of outstanding […]
The post Bakkt Futures Volume Hits $122 million, as Bitcoin Reached New 11-Month High appeared first on Bitcoin News.
As Bitcoin rallied through $10K, derivatives markets started to show signs of excessive leverage but the market remains tilted toward bulls.
Multiple indicators are signalling that professional traders are bullish on Bitcoin derivatives, suggesting that the $10,000 level could soon be tested.
A week of solid gains for investors is sparking changes at CME, data shows as $9,500 continues to hold.
Analysis of futures behavior is strongly reminiscent of the days before BTC fell to $3,600, Cointelegraph Markets’ filbfilb warns.
Crypto derivatives trading volumes plunged 36% to $393 billion in June, the lowest they have reached in 2020, according to a new report by Cryptocompare. The decline may be the result of a lull in investor interest in the instruments during the month in review. In May, derivatives – contracts signed by at least two […]
The post Crypto Derivatives Volumes Crash 36% to $393 Billion in June, a Low for 2020 appeared first on Bitcoin News.