Future’s open curiosity is the entire quantity of funds (USD Worth) allotted in open futures contracts.
Fast Take

As Cryptoslate has mentioned in earlier insights, futures open curiosity has declined for the reason that collapse of FTX.
Nonetheless, the trade CME has seen a whopping improve of over 84k BTC, the equal of just about $2B prior to now 24 hours.
Every time this quantity of BTC is allotted in futures contracts, one thing massive price-wise has occurred. Reminiscent of the highest of the 2021 bull run in November and the collapse of the trade FTX.

Futures Open Curiosity – CME: (Supply: Glassnode)
Futures Open Curiosity: (Supply: Glassnode)
The submit CME trade sees 84,000 BTC or $2B allotted in futures contracts in final 24 hours appeared first on CryptoSlate.

Source link