• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Bitcoin whale

    Bitcoin Whale moves 7,073 BTC to cold storage

    Binance

    Binance launches support for ADA upgrade

    How ethbox Keeps Your ETH Transactions Secure at All Times with a Passphrase 1

    How ethbox Keeps Your ETH Transactions Secure at All Times with a Passphrase

    Digital Yuan

    Digital Yuan-themed scam: Chinese police warns residents to be careful

    Institutional investors

    Institutional investors move 13,000 BTC from Coinbase to cold storage

    Crypto

    Crypto industry reaches a milestone of 100 million users

    Polkadot price

    Polkadot price prediction: DOT to decline to $25

    The Revolution will be Livestreamed 2

    The Revolution will be Livestreamed

    How ethbox Could be the Future of OTC Trading 3

    How ethbox Could be the Future of OTC Trading

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Bitcoin whale

    Bitcoin Whale moves 7,073 BTC to cold storage

    Binance

    Binance launches support for ADA upgrade

    How ethbox Keeps Your ETH Transactions Secure at All Times with a Passphrase 4

    How ethbox Keeps Your ETH Transactions Secure at All Times with a Passphrase

    Digital Yuan

    Digital Yuan-themed scam: Chinese police warns residents to be careful

    Institutional investors

    Institutional investors move 13,000 BTC from Coinbase to cold storage

    Crypto

    Crypto industry reaches a milestone of 100 million users

    Polkadot price

    Polkadot price prediction: DOT to decline to $25

    The Revolution will be Livestreamed 5

    The Revolution will be Livestreamed

    How ethbox Could be the Future of OTC Trading 6

    How ethbox Could be the Future of OTC Trading

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Bitcoin News

Open interest in Bitcoin futures surge to almost $5.4 billion

Ibiam Wayas by Ibiam Wayas
November 4, 2020
in Bitcoin News
2 min read
Microsoft president says “no new conversation” for investing in Bitcoin
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • OI Bitcoin futures have surged to a valuation of $5.3 billion.
  • The growing interest in BTC futures follows the increases in Bitcoin prices.

The total open interest (OI) in Bitcoin futures have continued to surge as the cryptocurrency itself posts huge price gains. The growing OI in BTC futures somewhat suggests an increasing level of interest in the cryptocurrency, probably due to the upticks in Bitcoin price. Bitcoin reportedly ended that past month with about a 30 percent increase. A few hours today, the leading digital currency surged to over $14,000 during the US election period. 

OI in Bitcoin futures nears all-time high

According to the market information of ByBt, the total number of open interest in Bitcoin futures presently sums to $5.35 billion. Note that open interest in the number of Bitcoin futures (or other derivative contracts) that have not been settled. Previously on October 23, the value of the total open interest summed to $5.17 billion. Following the current data, there has been an $0.18 billion addition within two weeks. 

As Bitcoin continues to rise, it’s more likely that the open interest might surpass the all-time high (ATH) at $5.7 billion. At the moment, the Malta-based cryptocurrency exchange, OKEx, has the largest share of open interest in Bitcoin futures. OKEx exchange accounts for $1.06 billion of the total open interest, according to ByBt. Binance, the Chicago Mercantile Exchange (CME), and BitMEX hold about $0.85, $0.78, $0.62 billion, respectively.

RelatedPosts

Bitcoin Whale moves 7,073 BTC to cold storage

Institutional investors move 13,000 BTC from Coinbase to cold storage

Falling GBTC premium may cause investors to dump BTC – Peter Schiff

Dubai fund to trade $750 million Bitcoin for Polkadot and Cardano

Bitcoin surge to $14K

Additionally, the Bitcoin futures 24hrs exchange volume totaled over $5 billion, according to Skew, a crypto market analytics platform. It’s agreeable to note that the growing interest in Bitcoin derivatives somewhat relates to the bullish trends in the cryptocurrency’s price. Messari explained in a recent publication.

“Macro Outlook: Bitcoin and the US Election,” the high rate of open interest combined with Bitcoin’s surging price—it’s moved from near $4,000 in March as the global economy all but shut down because of COVID to $14,000 today—could be good for Bitcoin.”

Tags: Bitcoin Industrycryptocurrency trading
Ibiam Wayas

Ibiam Wayas

Ibiam is an optimistic crypto journalist. Five years from now, he sees himself establishing a unique crypto media outlet that will breach the gap between the crypto world and the general public. He loves to associate with like-minded individuals and collaborate with them on similar projects. He spends much of his time honing his writing and critical thinking skills.

Related Posts

Bitcoin whale
Bitcoin News

Bitcoin Whale moves 7,073 BTC to cold storage

February 27, 2021
Institutional investors
Bitcoin News

Institutional investors move 13,000 BTC from Coinbase to cold storage

February 27, 2021
Falling GBTC premium
Bitcoin News

Falling GBTC premium may cause investors to dump BTC – Peter Schiff

February 26, 2021

Follow Us

  • 40.9k Fans
  • 8.3k Followers

Latest News

Bitcoin whale

Bitcoin Whale moves 7,073 BTC to cold storage

February 27, 2021
Binance

Binance launches support for ADA upgrade

February 27, 2021
How ethbox Keeps Your ETH Transactions Secure at All Times with a Passphrase 7

How ethbox Keeps Your ETH Transactions Secure at All Times with a Passphrase

February 27, 2021
Digital Yuan

Digital Yuan-themed scam: Chinese police warns residents to be careful

February 27, 2021
Institutional investors

Institutional investors move 13,000 BTC from Coinbase to cold storage

February 27, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 8

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2021 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
    • Sushi Price
    • Uniswap Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.