That’s because Friday, July 27 is the date that bitcoin futures contracts offered by derivatives giant CME Group are scheduled to expire.
Investor interest in the bitcoin futures market is seeing substantial growth – perhaps best depicted by a tweet from the CME Group which stated that their bitcoin futures product was up 93 percent in volume and 58 percent in open interest in Q2.
While the numbers are encouraging for widespread adoption of bitcoin investment, many have argued bitcoin futures negatively impact price.
Most notably, in the days prior to the close of the January and March contracts, price fell 13.05 and 20.45 percent respectively (closing price on expiry day subtracted from opening price of fifth day prior).
Perhaps not coincidentally, Bitcoin reached its all-time high of $19,891 (on Bitfinex) on Dec. 17, 2017, the exact day CME introduced their first bitcoin futures product.
Coinbase Derivatives, a CFTC-regulated futures exchange, is preparing to introduce 24/7 Bitcoin and Ethereum futures trading for U. S. traders. This marks the first time crypto futures will be available around the clock in the U.
Bitcoin futures on the Chicago Mercantile Exchange have recorded a $10,350 price gap, the largest CME Bitcoin futures gap in the exchange’s history. According to TradingView’s Mar. 2 data, the CME Bitcoin (BTC) futures closed at $84,650 in the previous…
Bitcoin cooled off after its latest rally, but Futures demand soared to levels last seen over a year ago
Market is now embracing caution amid growing levels of uncertainty over major event
BThe post Bitcoin - Unpacking the ripple effects of surging Futures demand for traders appeared first on AMBCrypto.
Onchain Highlights DEFINITION: Bitcoin futures open interest (OI) is the total amount of funds allocated in open futures contracts. Bitcoin futures OI has seen a further rebound recently. As Bitcoin’s price approached $70,000 earlier this year, futures OI reached unprecedented levels, signaling renewed investor interest and market engagement.
Bitcoin's recent price correction is closely tied to futures contracts, with record liquidations and shifts in market open interest
The post Bitcoin’s sharp downturn linked to futures liquidations: Bitfinex appeared first on Crypto Briefing.
When it comes to trading Bitcoin futures, investors have options across different exchanges. However, the two primary exchanges offering Bitcoin futures contracts are the Chicago Mercantile Exchange (CME) and ICE/US.
Bitcoin futures open interest on CME, a derivatives exchange approved by the Commodity Futures Trading Commission (CFTC), jumped to an all-time high of 118,540 BTC, worth over $4. 42 billion, according to data from CoinGlass on November 27.
Bitcoin futures have become an integral part of the cryptocurrency market. Futures are a financial instrument that allows investors to buy or sell Bitcoin at a predetermined price at a specified future date.
Quick Take The recent data analysis indicates a critical shift in Bitcoin futures contracts, particularly in the wake of the Grayscale lawsuit. Bitcoin open interest, the total number of outstanding futures contracts, has suffered a significant reduction, with a rough estimate of 400,000 Bitcoin in futures contracts representing one of the lowest readings year-to-date.
Argentina approves a Bitcoin futures index, but it does not come without high expenses and significant risks for investors.
The post Regulated Bitcoin Futures: A Faustian Bargain? appeared first on BeInCrypto.
The CME now accounts for a majority of activity in the standard futures market tied to bitcoin, one observer said, while explaining a relatively higher premium in futures listed on the Chicago-based exchange.
The United States Commodity Futures Trading Commission (CFTC) has filed charges against Gemini alleging that the exchange filed false or misleading statements relating to its bitcoin futures product.
Gemini, a leading crypto exchange, has been sued by the CFTC over statements regarding its earliest Bitcoin futures contracts. Lawsuit Concerns Bitcoin Futures Contract According to the U.S. Commodity Futures...
Bitcoin is edging above $37,000 today after dropping to $36,200 midday with it seemingly recovering from a Monday low of just under $33,000. The January futures expired this Friday at...
Data shows the Bitcoin crash from a few days ago flushed out $5.4 billion from futures open interest within the matter of hours. Cascade Of Long Liquidations Lead To 24.5% Reduction In Futures Open Interest As per the latest weekly report from Glassnode, when the price of Bitcoin crashed down to $42k a few days […]
Bitnomial, a U. S. -based cryptocurrency derivatives exchange company, today announced the launch of physically-settled Bitcoin futures with up to 35% margin. Initially, Bitnomial will offer trading in two quarterly contracts, Bitcoin US Dollar Futures, and Deci Bitcoin US Dollar Futures, sized for both institutions and individuals, and does not charge for market data or trading access.
The first US Bitcoin (BTC) exchange-traded fund is rapidly getting close to breaching a limit on the number of futures contracts it is permitted to hold, Bloomberg reported.
The post Bitcoin Futures ETF is so popular that it’s breaching futures limits set by TradFi appeared first on CryptoSlate.
All gas, no brakes. That’s the SEC’s sentiment regarding the potential launch of initial Bitcoin futures ETFs that could hit the market as early as next week. After fielding nearly a decade’s worth of crypto ETF applications, it’s without question a landmark moment.
According to the bank’s spokesman on Tuesday, Wall Street giant Citigroup (NYSE: C) is eager as they await regulatory approval to start offering bitcoin (BTC, -3. 59%) futures trading contracts on the Chicago Mercantile Exchange (CME).
Citigroup is now considering whether to offer its biggest clients the option to trade in Bitcoin futures, citing increased demand in the cryptocurrency space. According to the reports, the banking giant is currently awaiting approval to begin trading CME Bitcoin futures.
The Chicago-based derivatives market launched its Micro Bitcoin futures product in early May, providing investors with smaller positioning opportunities.
Goldman Sachs continues to move towards adopting cryptocurrencies and offering crypto products to its clients. The bank’s most recent move towards achieving this is its partnership with Mike Novogratz’s Galaxy Digital, which will allow the company to start offering Bitcoin futures.
Galaxy Digital’s co-president Damien Vanderwilt announced today that his firm has partnered with Goldman Sachs to help provide bitcoin futures products. The partnership marks one of the first occasions where an American multinational investment bank has partnered with a crypto asset service provider.
The agency also “strongly” advised the investors of mutual funds with Bitcoin futures to beware of risks as the crypto asset is volatile and a “highly speculative investment.”
The post SEC to Weigh Whether Bitcoin Futures Market could Accommodate ETFs first appeared on BitcoinExchangeGuide.
The world's largest asset manager will allow two of its funds to get into bitcoin futures, as Guggenheim speculates a market pullback in the near term.
The mammoth asset manager with some $8 trillion in investments is seemingly planning to start investing in bitcoin futures. “Certain Funds may engage in futures contracts based on bitcoin,” they...
Bakkt’s cash-settled Bitcoin futures were launched in December 2019 on popular demand. Physically settled Bitcoin futures exposed traders to the risk of holding the asset and didn’t exactly fly amThe post Why has Bakkt's cash-settled Bitcoin Futures' volume doubled? appeared first on AMBCrypto.
On Binance, bitcoin quarterly futures hit a high just shy of $100,000 - $99,964. While sudden moves like these aren't new, it had been forgotten due to the slow, sideways moving price devoid of volatiThe post Bitcoin hits $100,000 on Binance futures appeared first on AMBCrypto.
Spot bitcoin price was up 1 percent as the U. S. futures recovered sharply on Sunday evening. The S&P 500 mini had opened lower amid uncertainty about the effect of riots in major U. S. cities.
Bitcoin is holding its intraday gains above $9,100 on Thursday. But the cryptocurrency risks downside correction as the U.S. futures hint at a shaky start after New York opening bell Thursday. The unsteadiness surfaced as China approved a proposal for a national security law in Hong Kong, raising possibilities of a new geopolitical conflict with...
The open interest in Bitcoin futures has almost doubled in the past two weeks, jumping from just under 6,000 open contracts to nearly 10,000. The activity represents an all-time high for Bitcoin futures since their inception.
Bitcoin futures platforms have recently attracted all-time high open interest. However, of the large numbers trading the contracts at various exchanges, one demographic is prohibited from contributing to the figures.
Open interest for Bitcoin futures markets has broken an all-time high. However, the last two times this happened, the BTC price crashed soon after. With this in mind, traders are nervous. Bitcoin (BTC) futures are roaring back after a bloody March and an April rebound.
A recent tweet from CME Group, one of the first companies to offer bitcoin futures trading, reports that average daily trading volumes are up 93% and open interest surpassed 2,400 contracts, a 58% increase.
Binance, the world’s largest cryptocurrency exchange by trading volume, suspended trading services on Wednesday after irregular transactions were reported on its platform. The project later confirmed after an investigation that it discovered “odd trading behavior coupled with atypical blockchain activity.
The Maltese Parliament has voted into law three cryptocurrency and blockchain bills, making Malta one of the most desirable locations for setting up blockchain enterprises. The bills-turned-law detail the regulation of ICOs and cryptocurrencies and the process for setting up crypto-based businesses in Malta. The news, which Schembri shared via a tweet, makes Malta the
South Korea’s biggest cryptocurrency exchange Bithumb is scrambling to protect users funds after a large scale hack. Bithumb has already assured customers affected by the hack will be compensated for their losses.
