Aggregated open interest for bitcoin futures hit an all-time high on Saturday
August 3, 2020, 6:02PM EDT
1 min read
Market data shows that bitcoin futures saw an all-time high for aggregated open interest on August 1.
As shown in the chart below, AOI hit $5.575 billion — the previous all-time high was $5.369 billion on February 14. Open interest in this context represents the total value of outstanding bitcoin futures that have yet to be settled.
Source: Skew, The Block Research
The data shows that BitMEX, OKEx, Huobi and CME continue to constitute the bulk of the market activity for bitcoin futures. Last week, CME reported an all-time high open interest for its cash-settled bitcoin futures offering, hitting $724 million.
This past weekend also saw heightened volatility around bitcoin and ether, with both currencies experiencing flash crashes on August 2.