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Bitcoin Futures Open Interest Bounces Back to $3 Billion

Yiran Dai

Summary: The Bitcoin futures market has been recovering from the Black Thursday thump, and its aggregated open interest is rising close to $3 billion, an over $500 million growth in a week, per data from Skew.

The Bitcoin futures market has been recovering from the Black Thursday thump, and its aggregated open interest is rising close to $3 billion, an over $500 million growth in a week, per data from Skew.

The current total open interest is still $1 billion short of that before March 12, the Black Thursday. The highest open interest recorded so far was in mid-February when the number reached $5 billion, Decrypt reports. Binance and Huobi are leading in trading volume.

According to Bitpush Market Data, Bitcoin is trading at $8,860 at the moment of writing.

By Yiran Dai

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