Bitcoin futures interest tapped an all-time high in US dollar terms on Monday, reaching over 500,000 BTC worth $36.3 billion.
“These traders are holding a delta-neutral position, where they are not exposed to the price risk of Bitcoin, as they equal parts long and short,” wrote Check. This is often the case with Bitcoin, where perpetual swap traders are currently willing to pay a 10% premium to shorts for the privilege of being long Bitcoin with leverage.
“Unless the trader makes a serious mistake with their collateral management, it is highly unlikely these positions are at risk of a margin call or liquidation,” Check wrote.Since the start of the year, Bitcoin futures open interest has grown by 21% in Bitcoin terms, and by 100% in USD terms. Much of the explosive growth occurred in the CME – a home for US-based institutional futures traders.worth 25,000 BTC last week.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin futures open interest reaches a 16-month high: $70,000 granted?Bitcoin primed to retest $70,000 as BTC futures open interest soar past $34 billion.
Source: Cointelegraph - 🏆 562. / 51 Read more »
BTC price settles at $69K after dip wipes $1.3B Bitcoin open interestBitcoin returns to the key $69,000 level with BTC price and Ether price action consolidating losses.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Bitcoin open interest goes meteoric; traders now warn of a ‘whipsaw’Bitcoin’s Open Interest rose over $2 billion in just three days, an indicator that a whipsaw price event is likely, says traders.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »