Deribit Bitcoin Perpetual Futures Open Interest Hits New Yearly High
The open interest of Deribit's Bitcoin perpetual futures has reached a new annual high of $740 million, the highest level since Bitcoin hit a historical high of over $68,000 in November 2021. The increase in open interest indicates that new funds are entering the market, meaning that participation and potential liquidity are constantly increasing.
In addition, Justin d'Anethan, Head of Business Development for Keyrock Asia-Pacific, stated that the existing premium of CME Bitcoin futures contracts is another indicator of increased institutional participation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Crypto Trader Loses $3M in Seconds Due to Simple Copy-Paste Error and Scam
State Street Advisor Highlights Bitcoin’s Threat to Gold’s Stability
BREAKING: MicroStrategy Buys 55,500 BTC Worth $5.4 Billion
Sony is supposedly working on a handheld PlayStation console to support PS5 games
Share link:In this post: A Bloomberg report suggested that Sony is working on a handheld PlayStation console that will support PS5 games. The report suggested the possibility of the device being years away from launch. Nintendo is currently the only console with a handheld device and will launch its successor next year, while Microsoft is also working on its handheld console.
Trending news
MoreCrypto prices
More
