The open interest of Bitcoin futures has reached a historic high of 25.5 billion US dollars
PANews reported on October 15th, according to CoinDesk, the open interest (OI) of Bitcoin cash margin futures has reached a historic high, currently about 384,000 BTC ($25.5 billion). This record surpasses the peak when Bitcoin was close to $16,000 in November 2022 and is mainly driven by institutional investment activities at CME (Chicago Mercantile Exchange). CME futures account for 40% of the open interest in cash margin contracts.
In contrast, the proportion of open interest in cryptocurrency-based margin futures has dropped to a historical low, accounting for only 18.5% of total open contracts. This indicates that the market is gradually shifting towards more stable cash margin futures reducing volatility risk and may lay the foundation for a bull market in 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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