top of page

Bitcoin Futures Attract Biggest Bets Since Terra's Collapse

Bitcoin (BTC) futures markets are seeing the largest money flows in over a year as traders likely bet on price movements amid a flurry of crypto exchange-traded fund (ETF) filings. Open interest, or the total number of unsettled contracts, on Bitcoin futures increased to over $11 billion over the weekend. Rising open interest either means that new money is flowing into the market or existing participants are increasing their allocation. The metric can be used as an indicator to determine market sentiment and the strength behind price trends. As such, open interest has largely hovered at the $8 billion level since late April, Coinalyze data shows.

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!


bottom of page