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

Market data shows that bitcoin futures saw an all-time high for aggregated open interest on August 1.

As shown in the chart below, AOI hit $5.575 billion — the previous all-time high was $5.369 billion on February 14. Open interest in this context represents the total value of outstanding bitcoin futures that have yet to be settled.

Source: Skew, The Block Research

The data shows that BitMEX, OKEx, Huobi and CME continue to constitute the bulk of the market activity for bitcoin futures. Last week, CME reported an all-time high open interest for its cash-settled bitcoin futures offering, hitting $724 million.

This past weekend also saw heightened volatility around bitcoin and ether, with both currencies experiencing flash crashes on August 2.  

© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.


Aggregated open interest for bitcoin futures hit an all-time high on Saturday written by Michael McSweeney @ https://www.theblockcrypto.com/linked/73865/bitcoin-futures-aggregated-open-interest?utm_source=rss&utm_medium=rss August 4, 2020 Michael McSweeney

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