Aggregated open interest for bitcoin futures hit an all-time high on Saturday

Market information reveals that bitcoin futures noticed an all-time high for aggregated open interest on August 1.

As proven within the chart beneath, AOI hit $5.575 billion — the earlier all-time high was $5.369 billion on February 14. Open interest on this context represents the entire worth of excellent bitcoin futures which have but to be settled.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(zero)–sm Mt(zero.8em)–sm" kind="textual content" content material="Supply: Skew, The Block Analysis” data-reactid=”14″>Supply: Skew, The Block Analysis

The information reveals that BitMEX, OKEx, Huobi and CME proceed to represent the majority of the market exercise for bitcoin futures. Final week, CME reported an all-time high open interest for its cash-settled bitcoin futures providing, hitting $724 million.

This previous weekend additionally noticed heightened volatility round bitcoin and ether, with each currencies experiencing flash crashes on August 2.  

<p class="canvas-atom canvas-text Mb(1.0em) Mb(zero)–sm Mt(zero.8em)–sm" kind="textual content" content material="© 2020 The Block Crypto, Inc. All Rights Reserved. This text is offered for informational functions solely. It’s not provided or supposed for use as authorized, tax, funding, monetary, or different recommendation.” data-reactid=”29″>© 2020 The Block Crypto, Inc. All Rights Reserved. This text is offered for informational functions solely. It’s not provided or supposed for use as authorized, tax, funding, monetary, or different recommendation.

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