All
Contribute!
BlockchainCrypto MarketCryptocurrency

Bitcoin: All-time low, 29% in crypto-margin futures open interest, suggests risk-off environment

CoinSurges
By CoinSurges

Share This Post

Futures open interest is the total amount of funds (USD Value) allocated in open futures contracts.

At the time of writing, futures open interest is around 415k BTC, equivalent to $8.5bn. However, the instrument that is being used that is either margined in USD or USD-pegged stablecoins or crypto margin ie BTC.

Crypto vs Cash: (Source: Glassnode)

Currently, crypto margin is at an all-time low (29%), for the the percentage of futures contracts open interest that is margined in Bitcoin.

This suggests the environment in 2023 is risk off as 60k BTC in open interest have declined since the turn of the year. 

Percent Futures Open Interest Crypto-Margined: (Source: Glassnode)

The post Bitcoin: All-time low, 29% in crypto-margin futures open interest, suggests risk-off environment appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets

In the past week, the crypto market has been buzzing with action, with bitcoin smashing its way to a new all-time high of $99,800 per coin on Thursday Data reveals an intriguing dynamic during this

XRP Analyst Sets $2 Target If It Holds Key Level – Can It Reach Multi-Year Highs?

XRP has emerged as a standout leader in the recent crypto rally, delivering massive gains and fueling optimism among investors The price has skyrocketed by an astonishing 225% in under three weeks,

Latam Insights: El Salvador’s Bitcoin Debt Idea, Milei’s MAGA

Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week In this issue, Max Keiser floats an idea to allow El Salvador to acquire

XRP Below $1? Not Happening, Claims Millionaire Analyst

Ripple’s XRP has traded below the $1 level for nearly three years, affected primarily by the cases filed by the US Securities and Exchange Commission (SEC) Even during the mini bull run immediately

Howard Lutnick’s Firm, Cantor Fitzgerald To Work With Tether For $2B Project

The post Howard Lutnick’s Firm, Cantor Fitzgerald To Work With Tether For $2B Project appeared first on Coinpedia Fintech News As per the latest Bloomberg report, Financial services firm Cantor

As BTC Approaches $100K, Tether mints an additional $3 billion in USDT Tokens

The post As BTC Approaches $100K, Tether mints an additional $3 billion in USDT Tokens appeared first on Coinpedia Fintech News As Bitcoin approached the $100,000 price level, Stablecoin issuer
Previous article
MATIC Price Prediction: Rally Could Resume Above $1.05
Next article
Troubled crypto lender Vauld gets extended creditor protection

Categories:

Hot right now:

Company:

Follow on:

Crypto Coin Live Stats

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.