News - Bitcoin futures open interest at highest level in year

By Mike Hesp

Bitcoin futures open interest at highest level in year

Bitcoin (BTC)
Investing

Bitcoin (BTC) is also becoming increasingly popular in the derivatives market. This is evidenced by rising open interest rates.

It is not only Bitcoin's share price that is doing well these days. The cryptocurrency is also increasingly popular in the derivatives market.

Open interest for Bitcoin futures contracts is currently at an annual high.

With 11.5 billion open futures contracts, investors are indicating increased interest in BTC. This is based on data from CryptoQuant.

Bitcoin open interest since the beginning of 2023

Source: CryptoQuant

The options market is also currently seeing a bold move - going long overall. This is evidenced by data from Coinmetrics.

Bitcoin options market data

Rising open interest in the futures and options market indicates increasing interest in a particular asset. This fits the bill: After all, Bitcoin is increasingly at the center of public attention in the wake of its upcoming halving and a possible Bitcoin Spot ETF.

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