RATE Group | Record Breaking Interest – Observing the Predictive Power of Bitcoin Futures Over BTC Sp…
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Record Breaking Interest – Observing the Predictive Power of Bitcoin Futures Over BTC Sp…

01 Mar Record Breaking Interest – Observing the Predictive Power of Bitcoin Futures Over BTC Sp…

Posted at 09:48h in Bitcoin News by

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Record Breaking Interest - Observing the Predictive Power of Bitcoin Futures Over BTC Spot Prices

Bitcoin futures providers have been seeing a lot of action during the last two weeks as cryptocurrency markets have been extremely volatile. Data shows there’s been significant open interest on both retail and institutional bitcoin derivatives exchanges and Skew research noted bitcoin options open interest was just shy of $1 billion on Monday. Two days later, CME Group reported that open interest in CME Bitcoin Futures touched a record high of over 6,600 contracts and there’s nearly 300 new trading accounts that have been added this year.

Also read: Bitcoin’s $10k Value Pushed Down by CME Futures Price Gap

Skew.com: ‘Spot Market Corrections Follow the Number of Outstanding Bitcoin Futures Positions’

BTC spot markets and bitcoin derivatives exchanges have seen notable price movements recently and a few speculators believe these two types of markets are well connected. During the first week of January 2020, bitcoin futures touched a three-month…

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