Open interest for Bitcoin on the CME continues to grow. It is currently at levels seen before the March sell-off.
Bitcoin futures are roaring back after a significant drop in March. Last month, open interest fell after an historic sell-off where the entire cryptocurrency market dropped some 50% in a single day.
Open Interest Returns to Normal
Bitcoin futures exchanges are roaring back in a big way, indicating that the market may be showing some strength. As Unfolded (@cryptounfolded) recently covered, open interest is steadily rising and spiked yesterday.
A Shakeup in Bitcoin Futures Markets
The drastic sell-off in March reshuffled the market leaders for Bitcoin futures. As of now, Binance and Huobi lead the market in trading volume. BitMEX, once first, has now dropped to the fourth-largest in futures trading volume.
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