Bitcoin ETFs and Open Interest From BTC Futures, Options Follow Crypto Economy's Spot Market Decline
Roughly 247 days ago, the total bitcoin futures open interest across 12 different cryptocurrency derivatives trading platforms was $26.73 billion and over the last eight months, bitcoin futures open interest has dropped 60% down to $10.69 billion. Further, the bitcoin exchange-traded funds BITO and BTF have followed bitcoin’s spot market losses, as the bitcoin ETFs have shed between 70% and more than 73% in value since last year’s price highs.
why would you position long on a bear market though
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Bitcoin, Ethereum Technical Analysis: BTC Briefly Moves Back Above $20,000 During Volatile Day of Trading – Market Updates Bitcoin NewsBitcoin briefly broke back into the $20,000 region on Thursday, following a volatile day of trading. ETH also rose momentarily above $1,100. The volatility of crypto is a feature, not a defect. As soon as investors understand that, they can use it to their advantage. 👌🏽 Yah $PAW Still on volatility!! paw
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