Bitcoin CME Futures’ Open Interest Reaches Record High of $10B
Notional open interest refers to the dollar value of the active or open futures contracts at a given time.
Notional open interest refers to the dollar value of the active or open futures contracts at a given time.
The BOJ has long been seen as a major source of uncertainty for financial markets, including cryptocurrencies.
Bitcoin cash and ethereum classic also posted significant gains as all 20 cryptos in the gauge appreciated.
Bitcoin traders are having a relook at the $200,000 call option after a gap of nearly three years.
Bitcoin has already climbed to new all-time high while ether is lagging, but previous market cycles suggest change is coming.
As in previous bull runs, bitcoin’s latest surge coincides with a burst of tech optimism on Wall Street. So traders might want to keep a close eye on a potential decline in the Nasdaq-to-S&P 500 ratio.
The gap between liquidity on the ask and bid sides of the order book within 2% of the market price has widened to nearly five times is usual value, according to veri tracked by Kaiko.
The market-wide resetting of funding rates means potential for a more long-lasting move to record highs in bitcoin.
The so-called wealth effect from unrealized crypto-market gains, which is estimated to be stronger than stocks, could boost consumer spending and inject demand-pull inflation into the U.S. economy.
The surging implied volatility has boosted the allure of “call overwriting” strategies that allow investors to generate additional yield on top of their spot market holdings.