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The BTC futures volume will reach a low level in 2020, although ETH’s interest is growing

June 15, 2020

The trading volume on the Bitcoin futures exchanges (BTC) fell to new lows in 2020;; BTC’s futures markets had a 24-hour volume of just $ 5 billion as of June 13.

76% of futures trading took place at OKEx, Huobi and BinanceThis corresponds to a volume of USD 1,400, 1,300 and 1,100 million, according to the market analysis company Skew.

Daily volume of BTC futures: Skew

The BTC futures volume will reach a low level in 2020, although ETH’s interest is growingThe BTC futures volume will reach a low level in 2020, although ETH’s interest is growing

BTC Futures Daily Volumes: Skew

The decrease in activity has resulted in the volume being reduced by approximately half on two consecutive days.

Bitcoin open interest is recovering strongly

Although bitcoin futures activity has declined, open interest has been declining lately recovered its levels before the violent Black Thursday clash in mid-MarchAs a result, the $ 4 billion mark was tested for the first time in three months.

On the other hand, The open interest in BTC options has reached and exceeded new highs $ 1,500 million Just a month after dialing ten digits for the first time.

BTC options open interest: Skew

Open interest in BTC options: Aslant

All-time highs were supported by a peak of 3,000% in open positions on the Chicago Mercantile Exchange in May.

BTC options open up interest in CME: Arcane Research

Open interest in BTC options in CME: Arcane Research

Ethereum open interest

Open interest in ether (ETH) options in Derebit’s leading market has continued to grow and has reached record highs.

In the last days ETH’s open interest in Derebit was exceeded for the first time $ 150 million, About double the previous all-time high that was broken a month ago.

ETH open interest in Derebit: Derebit

ETH’s open interest in Derebit: Derebit

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