• Loading stock data...
Institutional Bitcoin Open Interest Plummets, But Why? - WebTradeTalk Community
Monday, May 23, 2022
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Login
WebTradeTalk Community
DigitalOcean Referral Badge
  • Home
  • Finance
    Why You (and I) Should Name a ‘Trusted Contact’

    Why You (and I) Should Name a ‘Trusted Contact’

    5 Things to Know About Truist Credit Cards

    5 Things to Know About Truist Credit Cards

    How to Sell Your Car Online

    How to Sell Your Car Online

    How to Book the Star Wars Hotel With Points

    How to Book the Star Wars Hotel With Points

    Lightspeed Restaurant Review 2021: Pricing, Features, Alternatives

    Charles Schwab vs. Robinhood: 2022 Comparison

    Is an Airbnb or a Hotel Right for Your Next Trip?

    Is an Airbnb or a Hotel Right for Your Next Trip?

    How to Insure Your Money When You’re Banking Over $250K

    How to Insure Your Money When You’re Banking Over $250K

    How Does AutoSlash Work? – webtradetalk.com

    How Does AutoSlash Work? – webtradetalk.com

    Smart Money Podcast: COVID Tests, and Reversing a Credit Score Drop

    Smart Money Podcast: The Tax Episode

  • Investing
    Best Stocks Under $5 That Pay Dividends

    Best Stocks Under $5 That Pay Dividends

    10 Best Oil Stocks to Buy Now

    10 Best Oil Stocks to Buy Now

    Best Platforms to Invest in Art

    Best Platforms to Invest in Art

    Hot Cash Stocks for 2022

    Hot Cash Stocks for 2022

    What is the DAX Stock Index?

    What is the DAX Stock Index?

    10 Smart Things To Do With Your Tax Refund

    10 Smart Things To Do With Your Tax Refund

    How to Spot a Crypto Scam (In-Depth Guide)

    How to Spot a Crypto Scam (In-Depth Guide)

    Why You Should Probably Keep Your Distance

    Why You Should Probably Keep Your Distance

    5 Factors To Look For When Investing In An NFT Project

    5 Factors To Look For When Investing In An NFT Project

  • Stock
  • Forex Trading
    Sterling slips in Brexit countdown, Aussie rallies By Reuters

    Forex – Dollar Slides After 4-month High; Aussie Firmer On RBA’s Optimism By Investing.com

    Argentina Peso Tumbles on Bid to Tap $50 Billion IMF Line Faster By Bloomberg

    Argentina Tested as Peso Selloff Prompts Third Abrupt Increase By Bloomberg

    Dollar Drifts Lower as Treasury Yields Retreat By Investing.com

    Dollar Hits Fresh 4-Month High After Mixed Jobs Report By Investing.com

    Dollar Flat After Fed; Aussie Dollar Falls on Weak China PPI Data By Investing.com

    Dollar Eases From 2018 Highs as Wage Growth Woes ‘Puzzle’ Traders By Investing.com

    Virus worries buoy dollar, pound swung by Brexit gyrations By Reuters

    Forex – Weekly Outlook: May 7

    Dollar index at near four-month high after U.S. jobs data By Reuters

    Taiwan probes foreign banks over grain firms’ arbitrage By Reuters

    Forex – Dollar Steady at 4-month High; Aussie Up On Business Confidence By Investing.com

    Dollar Holds Near 4-Month High in 4th Week of Gains By Investing.com

    EUR/USD Weakness Limits Dollar’s Retreat From Highs By Investing.com

    EUR/USD Weakness Limits Dollar’s Retreat From Highs By Investing.com

  • Crypto
    Terra (LUNA) Outperforms Popular Cryptos Ether, Dogecoin In The Past 24 Hours

    Terra (LUNA) Outperforms Popular Cryptos Ether, Dogecoin In The Past 24 Hours

    Proof-of-Work Ban Removed From Europe’s Proposed Crypto Regulation – Regulation Bitcoin News

    Proof-of-Work Ban Removed From Europe’s Proposed Crypto Regulation – Regulation Bitcoin News

    GameFi – Play Hard, Earn Hard

    GameFi – Play Hard, Earn Hard

    Square Enix to Bring Dungeon Siege IP to The Sandbox – Metaverse Bitcoin News

    Square Enix to Bring Dungeon Siege IP to The Sandbox – Metaverse Bitcoin News

    Crypto Market Rebounds As Tech firms Boycott Russia

    Crypto Market Rebounds As Tech firms Boycott Russia

    South African Crypto Exchange Valr Raises $50 Million in Series B Funding Round – Exchanges Bitcoin News

    South African Crypto Exchange Valr Raises $50 Million in Series B Funding Round – Exchanges Bitcoin News

    How 4DOT is making DeFi Accessible to Crypto Investors

    How 4DOT is making DeFi Accessible to Crypto Investors

    Technical Analysis:  Fantom Climbs Close to 10% Higher, While THETA Drops on Wednesday – Market Updates Bitcoin News

    Technical Analysis:  Fantom Climbs Close to 10% Higher, While THETA Drops on Wednesday – Market Updates Bitcoin News

    US Senator Urges Regulators to Increase Scrutiny on Crypto as It Risks Undermining Sanctions Against Russia – Bitcoin News

    US Senator Urges Regulators to Increase Scrutiny on Crypto as It Risks Undermining Sanctions Against Russia – Bitcoin News

  • Donate
No Result
View All Result
  • Home
  • Finance
    Why You (and I) Should Name a ‘Trusted Contact’

    Why You (and I) Should Name a ‘Trusted Contact’

    5 Things to Know About Truist Credit Cards

    5 Things to Know About Truist Credit Cards

    How to Sell Your Car Online

    How to Sell Your Car Online

    How to Book the Star Wars Hotel With Points

    How to Book the Star Wars Hotel With Points

    Lightspeed Restaurant Review 2021: Pricing, Features, Alternatives

    Charles Schwab vs. Robinhood: 2022 Comparison

    Is an Airbnb or a Hotel Right for Your Next Trip?

    Is an Airbnb or a Hotel Right for Your Next Trip?

    How to Insure Your Money When You’re Banking Over $250K

    How to Insure Your Money When You’re Banking Over $250K

    How Does AutoSlash Work? – webtradetalk.com

    How Does AutoSlash Work? – webtradetalk.com

    Smart Money Podcast: COVID Tests, and Reversing a Credit Score Drop

    Smart Money Podcast: The Tax Episode

  • Investing
    Best Stocks Under $5 That Pay Dividends

    Best Stocks Under $5 That Pay Dividends

    10 Best Oil Stocks to Buy Now

    10 Best Oil Stocks to Buy Now

    Best Platforms to Invest in Art

    Best Platforms to Invest in Art

    Hot Cash Stocks for 2022

    Hot Cash Stocks for 2022

    What is the DAX Stock Index?

    What is the DAX Stock Index?

    10 Smart Things To Do With Your Tax Refund

    10 Smart Things To Do With Your Tax Refund

    How to Spot a Crypto Scam (In-Depth Guide)

    How to Spot a Crypto Scam (In-Depth Guide)

    Why You Should Probably Keep Your Distance

    Why You Should Probably Keep Your Distance

    5 Factors To Look For When Investing In An NFT Project

    5 Factors To Look For When Investing In An NFT Project

  • Stock
  • Forex Trading
    Sterling slips in Brexit countdown, Aussie rallies By Reuters

    Forex – Dollar Slides After 4-month High; Aussie Firmer On RBA’s Optimism By Investing.com

    Argentina Peso Tumbles on Bid to Tap $50 Billion IMF Line Faster By Bloomberg

    Argentina Tested as Peso Selloff Prompts Third Abrupt Increase By Bloomberg

    Dollar Drifts Lower as Treasury Yields Retreat By Investing.com

    Dollar Hits Fresh 4-Month High After Mixed Jobs Report By Investing.com

    Dollar Flat After Fed; Aussie Dollar Falls on Weak China PPI Data By Investing.com

    Dollar Eases From 2018 Highs as Wage Growth Woes ‘Puzzle’ Traders By Investing.com

    Virus worries buoy dollar, pound swung by Brexit gyrations By Reuters

    Forex – Weekly Outlook: May 7

    Dollar index at near four-month high after U.S. jobs data By Reuters

    Taiwan probes foreign banks over grain firms’ arbitrage By Reuters

    Forex – Dollar Steady at 4-month High; Aussie Up On Business Confidence By Investing.com

    Dollar Holds Near 4-Month High in 4th Week of Gains By Investing.com

    EUR/USD Weakness Limits Dollar’s Retreat From Highs By Investing.com

    EUR/USD Weakness Limits Dollar’s Retreat From Highs By Investing.com

  • Crypto
    Terra (LUNA) Outperforms Popular Cryptos Ether, Dogecoin In The Past 24 Hours

    Terra (LUNA) Outperforms Popular Cryptos Ether, Dogecoin In The Past 24 Hours

    Proof-of-Work Ban Removed From Europe’s Proposed Crypto Regulation – Regulation Bitcoin News

    Proof-of-Work Ban Removed From Europe’s Proposed Crypto Regulation – Regulation Bitcoin News

    GameFi – Play Hard, Earn Hard

    GameFi – Play Hard, Earn Hard

    Square Enix to Bring Dungeon Siege IP to The Sandbox – Metaverse Bitcoin News

    Square Enix to Bring Dungeon Siege IP to The Sandbox – Metaverse Bitcoin News

    Crypto Market Rebounds As Tech firms Boycott Russia

    Crypto Market Rebounds As Tech firms Boycott Russia

    South African Crypto Exchange Valr Raises $50 Million in Series B Funding Round – Exchanges Bitcoin News

    South African Crypto Exchange Valr Raises $50 Million in Series B Funding Round – Exchanges Bitcoin News

    How 4DOT is making DeFi Accessible to Crypto Investors

    How 4DOT is making DeFi Accessible to Crypto Investors

    Technical Analysis:  Fantom Climbs Close to 10% Higher, While THETA Drops on Wednesday – Market Updates Bitcoin News

    Technical Analysis:  Fantom Climbs Close to 10% Higher, While THETA Drops on Wednesday – Market Updates Bitcoin News

    US Senator Urges Regulators to Increase Scrutiny on Crypto as It Risks Undermining Sanctions Against Russia – Bitcoin News

    US Senator Urges Regulators to Increase Scrutiny on Crypto as It Risks Undermining Sanctions Against Russia – Bitcoin News

  • Donate
No Result
View All Result
WebTradeTalk Community
No Result
View All Result
Home Crypto

Institutional Bitcoin Open Interest Plummets, But Why?

Newsroom by Newsroom
November 10, 2021
in Crypto
0
Institutional Bitcoin Open Interest Plummets, But Why?
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Institutional investors had FOMO’d into bitcoin with the release of the first Bitcoin ETF. This enthusiasm quickly died down the week following the approval as trade volumes plummeted. The record opening was quickly replaced by lackluster momentum that saw institutional investors pull out of the market, likely owing to the asset touching a new all-time high and traders taking gains.

institutional Bitcoin open interest had skyrocketed with the price, signaling the entrance of big money into the market. The run-up had lasted until the very end of October. Open Interest saw its peak on October 29th. But since then, institutional bitcoin open interest has been on the decline, thanks to dying interest in the bitcoin ETFs. Now the market looks towards Spot Bitcoin ETFs as open interest dies down.

institutional Bitcoin Open Interest Declines

institutional bitcoin open interest had grown a whopping 185% in October alone. The approval of the ProShares Bitcoin Futures ETF had been the major push behind it. Traders had massively betted on the success of the ETF and their bets had paid off as the ETF saw more than $1 billion in trading volume in the first two days alone. Open Interest had climbed in this period.

Related Reading | Bitcoin Breaks Above $68,000, Where Does It Go From Here?

Open Interest has however declined in November. Although bitcoin has done well at the beginning of the month, institutional interest has not followed this trend. Instead, the CME has seen declining volumes for the month of November.

Chart showing bitcoin open interest decline

Bitcoin Open Interest declines on CME | Source: Arcane Research

Open Interest on the CME had hit $5.9 billion but quickly declined down to $4.8 billion. Subtracting the contribution of the ProShares ETF to this volume, the number drops significantly to $3.4 billion.

Open Contracts Drop On CME

Open contracts on CME have also recorded a decline in recent times. The number of open contracts on the CME has dropped significantly from its peak on October 25th. However, this decline has not been replicated across other markets.

Bitcoin price chart from TradingView.com

BTC rallies to new ATH | Source: BTCUSD on TradingView.com

BITO has seen a surge in open contracts. While open contracts on the CME have declined by 32% since October, the number of open contracts in BITO has hit a record high. Presently, there are 4,139 open contracts, representing a new all-time high.

Subtracting the BITO open contracts from the CME open contracts sees a 45% decline in open contracts since October. This suggests that institutional investors are reducing their activities in the market and are not as involved with open contracts.

Binance Open Interest On The Rise

Bitcoin Open Interest in Binance has been growing lately, a direct opposite of what has been witnessed with open interest on CME. Open Interest on the crypto exchange hit a new all-time high in November. Open Interest had peaked on Binance in April at $5.2 billion. Now, open interest has grown on the platform from to new high of $6.7 billion.

Related Reading | What Is The Final Push For Bitcoin? MicroStrategy CEO Michael Saylor’s Big Reveal

The clamor for more exposure to BTC on the part of institutional investors has now died down. It is apparent now that trades made in the Bitcoin Futures ETF were mostly short-term and now those traders have pulled out of the market after taking profits.

Featured image from CNBC, chart from TradingView.com

Source link

Tags: BitcoinInstitutionalInterestOPENPlummets
Previous Post

Dollar slips as markets recover; China data helps By Reuters

Next Post

CEE currencies to firm on steady rates, solid growth: Reuters poll By Reuters

Newsroom

Newsroom

Related Posts

Terra (LUNA) Outperforms Popular Cryptos Ether, Dogecoin In The Past 24 Hours
Crypto

Terra (LUNA) Outperforms Popular Cryptos Ether, Dogecoin In The Past 24 Hours

by Newsroom
March 3, 2022
Proof-of-Work Ban Removed From Europe’s Proposed Crypto Regulation – Regulation Bitcoin News
Crypto

Proof-of-Work Ban Removed From Europe’s Proposed Crypto Regulation – Regulation Bitcoin News

by Newsroom
March 3, 2022
GameFi – Play Hard, Earn Hard
Crypto

GameFi – Play Hard, Earn Hard

by Newsroom
March 3, 2022
Square Enix to Bring Dungeon Siege IP to The Sandbox – Metaverse Bitcoin News
Crypto

Square Enix to Bring Dungeon Siege IP to The Sandbox – Metaverse Bitcoin News

by Newsroom
March 3, 2022
Crypto Market Rebounds As Tech firms Boycott Russia
Crypto

Crypto Market Rebounds As Tech firms Boycott Russia

by Newsroom
March 3, 2022
Next Post

CEE currencies to firm on steady rates, solid growth: Reuters poll By Reuters

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Articles

Sterling slips in Brexit countdown, Aussie rallies By Reuters

Forex – Dollar Slides After 4-month High; Aussie Firmer On RBA’s Optimism By Investing.com

March 3, 2022
Why You (and I) Should Name a ‘Trusted Contact’

Why You (and I) Should Name a ‘Trusted Contact’

March 3, 2022
Terra (LUNA) Outperforms Popular Cryptos Ether, Dogecoin In The Past 24 Hours

Terra (LUNA) Outperforms Popular Cryptos Ether, Dogecoin In The Past 24 Hours

March 3, 2022

Browse by Category

  • Crypto
  • Finance
  • Forex Trading
  • Investing
  • Stock

About us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Personal Finance, Stock, Investing, Crypto, and more.

Categories

  • Crypto
  • Finance
  • Forex Trading
  • Investing
  • Stock

Recent Posts

  • Forex – Dollar Slides After 4-month High; Aussie Firmer On RBA’s Optimism By Investing.com
  • Why You (and I) Should Name a ‘Trusted Contact’
  • Terra (LUNA) Outperforms Popular Cryptos Ether, Dogecoin In The Past 24 Hours
  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2021 webtradetalk.com - All rights reserved

No Result
View All Result
  • Home
  • Finance
  • Investing
  • Stock
  • Forex Trading
  • Crypto
  • Donate

© 2021 webtradetalk.com - All rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$60,736.00-1.05%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • ethereumEthereum(ETH)$4,240.29-1.27%
  • binancecoinBinance Coin(BNB)$516.85-0.75%
  • tetherTether(USDT)$1.00-0.09%
  • cardanoCardano(ADA)$1.96-0.75%
  • SolanaSolana(SOL)$196.662.08%
  • rippleXRP(XRP)$1.091.42%
  • polkadotPolkadot(DOT)$42.28-1.30%
  • Shiba InuShiba Inu(SHIB)$0.000067-5.05%
  • dogecoinDogecoin(DOGE)$0.261766-4.15%
  • usd-coinUSD Coin(USDC)$1.00-0.08%
  • TerraTerra(LUNA)$42.35-2.09%
  • AvalancheAvalanche(AVAX)$63.120.93%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$60,784.00-0.96%
  • chainlinkChainlink(LINK)$29.46-1.35%
  • Binance USDBinance USD(BUSD)$1.00-0.14%
  • litecoinLitecoin(LTC)$190.63-0.15%
  • UniswapUniswap(UNI)$24.680.07%
  • matic-networkPolygon(MATIC)$1.85-1.97%
  • algorandAlgorand(ALGO)$1.820.55%
  • bitcoin-cashBitcoin Cash(BCH)$593.931.51%
  • cosmosCosmos(ATOM)$36.33-3.38%
  • stellarStellar(XLM)$0.3666102.15%
  • vechainVeChain(VET)$0.130379-1.17%
  • Axie InfinityAxie Infinity(AXS)$137.08-5.29%
  • Internet ComputerInternet Computer(ICP)$45.074.39%
  • daiDai(DAI)$1.00-0.06%
  • filecoinFilecoin(FIL)$63.938.88%
  • tronTRON(TRX)$0.099972-0.89%
  • theta-tokenTheta Network(THETA)$7.12-7.47%
  • ethereum-classicEthereum Classic(ETC)$53.802.21%
  • FTX TokenFTX Token(FTT)$58.46-1.92%
  • FantomFantom(FTM)$2.68-1.66%
  • cETHcETH(CETH)$85.17-1.02%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • HederaHedera(HBAR)$0.401606-3.25%
  • Lido Staked EtherLido Staked Ether(STETH)$4,218.57-0.97%
  • OKBOKB(OKB)$20.58-2.77%
  • tezosTezos(XTZ)$6.26-1.07%
  • ElrondElrond(EGLD)$264.881.10%
  • Crypto.com CoinCrypto.com Coin(CRO)$0.208427-3.29%
  • NearNear(NEAR)$9.86-6.89%
  • The GraphThe Graph(GRT)$0.995.37%
  • moneroMonero(XMR)$268.562.08%
  • eosEOS(EOS)$4.562.83%
  • FlowFlow(FLOW)$13.88-4.08%
  • PancakeSwapPancakeSwap(CAKE)$17.40-3.20%
  • AaveAave(AAVE)$310.80-2.66%
  • KlaytnKlaytn(KLAY)$1.58-1.86%