The open interest of BTC contracts increased by more than 20,000 BTC in a single day, the largest increase since June 3rd.

robot
Abstract generation in progress

BlockBeats news, on October 29th, the open interest of BTC futures contracts increased by over 20,000 BTC in a single day, marking the largest daily surge since June 3rd. The total open interest of BTC futures contracts has reached 42.6 billion US dollars. The contracts provided by the Chicago Mercantile Exchange (CME) surged by 9% within 24 hours, reaching an open interest of 171,700 BTC, worth over 12.22 billion US dollars, which gives CME a dominant position of 30% in the futures open interest market. High open interest contracts may lead to increased fluctuations, especially as the contracts approach expiration. Traders may be eager to close positions, roll over, or adjust their positions, which may cause significant price fluctuations.

BTC-1.57%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
DreamMiraclevip
· 2024-10-29 11:27
All in All in 🙌
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)