Bitcoin Derivatives Market Hit Hard With Massive Sweep In Open Interest – Her...
Bitcoin, the flagship digital asset, took a big hit during the recent massive liquidation that tumbled the broader cryptocurrency market over the weekend. While the price of BTC dropped sharply, losing key support levels, its futures open interest also witnessed a notable bearish activity. Unprecedented Shakeup In Bitcoin Derivatives Market The crypto market is gradually […]
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XRP Open interest on the CME Group has reached a new all-time high (ATH), presenting a bullish outlook for the altcoin. This further underscores the massive demand for XRP exposure among institutional investors, which could serve as a catalyst for higher prices. CME XRP Futures Open Interest Hit News ATH In an X post, the CME Group revealed that the XRP futures have hit an all-time high in open interest with over 6,000 contracts on August 18, just before their three-month anniversary. The derivatives platform further remarked that this development is a clear sign of growing conviction in....
Bitcoin options open interest has reached $9.6 billion according to derivatives market data as the metric is nearing the high captured on January 7, 2021. Moreover, the aggregate open interest in bitcoin futures is steadily nearing all-time highs. While cryptocurrency spot markets have consolidated, bitcoin-based derivatives markets have seen continuous action. At the time of publication, both bitcoin futures and options open interest has been rising significantly. For instance, researchers at skew.com recently tweeted that “bitcoin futures open interest [is] quickly bouncing back....
The XRP price is currently dipping into a crucial $2 liquidation zone amid rising short pressure. As long positions get liquidated and shorts pile in, a subsequent surge in open interest hints at a looming short squeeze. A clean sweep of $2 has analysts believing that it may be the trigger XRP needs to ignite […]
Bitcoin’s dominance of the crypto market has been on the rise. This naturally comes with every downtrend in the market because although bitcoin takes a hit, the altcoins always record the worse losses, leaving them with less dominance of the market. Bitcoin’s dominance has however not stopped here. It has now spilled onto the derivatives market where the dominance of the pioneer cryptocurrency is even more apparent. Bitcoin Open Interest Surges The general open interest in the crypto market has been on a decline since the market took a hit in December. This is currently sitting at about....
The open interest for ADA futures rose to $580 million, flipping Litecoin to become the third-largest derivatives market. On Feb. 3, Cardano conducted a hard fork and successfully integrated the Mary upgrade to the testnet, transforming the blockchain into a multiasset network similar to Ethereum.This event seems to be one of the reasons for the impressive 475% year-to-date rally of ADA, and the altcoin is now causing unexpected ripples in the derivatives markets. Since the end of December 2020, ADA's $81-million aggregate futures open interest hiked to the current $580 million, becoming....