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

Bitcoin Lags Under STH Realized Price Of $63,000 — What Does This Mean?

The Bitcoin price has somewhat slowed down this weekend, failing to capitalize on its resurgent momentum from Friday, October 4 The premier cryptocurrency continues to hover around the $62,000 mark,

Wealthiest Man in Argentina Praises Bitcoin’s Strength Against Government Intervention

Marcos Galperin, founder and CEO of Latin America’s e-commerce and financial services giant Mercado Libre, shared his perspective on bitcoin and cryptocurrency In a recent interview, Galperin

US Spot Bitcoin ETFs Open Q4 2024 With $300 Million Weekly Outflows – Details

Spot Bitcoin ETFs launched the fourth quarter of 2024 on a turbulent note ending the week with a net negative outflow of over $300 million This development occurred in tandem with Bitcoin’s bearish

DMCC and CVVC Partner to Drive Web3 Innovation

The Dubai Multi Commodities Centre (DMCC) Crypto Centre and the Swiss early-stage blockchain venture capital firm CVVC have partnered to support the Web3 ecosystems in Dubai and Switzerland The

Solana (SOL) Path To New Highs: Analyst Eyes $160 As Critical Breakpoint

Solana is testing a crucial level after weeks of volatile price action and market uncertainty Following the Federal Reserve’s interest rate cut announcement, Solana surged 26% but quickly

PEPE Bulls Lose Momentum, Downside Risk Grows After Failing To Hold $0.00000963

PEPE’s recent price action is raising concerns among traders, as bullish momentum appears to be fading After attempting to rebound, the token faced strong resistance at the $000000963 mark,
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.