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Futures open curiosity is the entire quantity of funds (USD Worth) allotted in open futures contracts.
On the time of writing, futures open curiosity is round 415k BTC, equal to $8.5bn. Nonetheless, the instrument that’s getting used that’s both margined in USD or USD-pegged stablecoins or crypto margin ie BTC.
At the moment, crypto margin is at an all-time low (29%), for the the proportion of futures contracts open curiosity that’s margined in Bitcoin.
This implies the surroundings in 2023 is threat off as 60k BTC in open curiosity have declined because the flip of the 12 months.
The put up Bitcoin: All-time low, 29% in crypto-margin futures open curiosity, suggests risk-off surroundings appeared first on CryptoSlate.
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