Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Bitcoin perpetual futures open interest hits a yearly high on Deribit.
ADOPTION NEWS

Bitcoin perpetual futures open interest hits a yearly high on Deribit.

By Crypto FlexsDecember 5, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin perpetual futures open interest hits a yearly high on Deribit.
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin perpetual futures open interest on the Deribit derivatives exchange has reached a yearly high of $740 million. This is a level not seen since November 2021, when Bitcoin surpassed its all-time high of $68,000.

Increasing open interest means new funds are entering the market, indicating increased participation and potential liquidity.

Deribit chart shows Bitcoin perpetual open interest at yearly highs.

CME Bitcoin Futures Premium Increase

Justin d’Anethan, Keyrock’s head of business development for APAC, suggested that the existing premium on the CME Bitcoin futures contract is another indicator of increased institutional participation.

“You’re bound to see a healthy futures premium in the CME contract, which suggests that’s what some large, sophisticated players are looking for. BTC

+2.70%
I was exposed,” d’Anethan told The Block.

Keyrock management’s observations are supported by The Block’s data dashboard, which shows an all-time high for the asset manager’s CME Bitcoin long open interest. According to data from The Block, long-term Bitcoin open interest held by asset managers is nearly $2.2 billion.

“

D’Anethan added that the current involvement of sophisticated players “will be bolstered by the fact that decisions on spot Bitcoin ETFs will have to be made by mid/late January.”

He added that this is putting pressure on investors who have not yet driven the capital flows that could come into the Bitcoin market after easier investment vehicles are offered.

However, d’Anethan cautioned, saying the cryptocurrency market likes the game.

“When everyone is long, it is not inconceivable to imagine large players driving prices down and triggering liquidation of leveraged longs,” he added.

Bitcoin was trading at $41,875 at 3:47 PM ET on Monday, up 5.8%.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025
Add A Comment

Comments are closed.

Recent Posts

MEXC Joins Forces With Lombard Finance (BARD) To Launch $1 Million Prize Pool Extravaganza

September 18, 2025

What is the next after the Fed’s 25bps is cut? Everything you need to know

September 18, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025

Stablecoin Holdings Drop As Investors Pivot To SOL, XRP, And Altcoins

September 17, 2025

Flipster Partners With WLFI To Advance Global Stablecoin Adoption Through USD1 Integration

September 17, 2025

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

MEXC Joins Forces With Lombard Finance (BARD) To Launch $1 Million Prize Pool Extravaganza

September 18, 2025

What is the next after the Fed’s 25bps is cut? Everything you need to know

September 18, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025
Most Popular

Innovative SCIPE tool enhances LLM chain fault analysis

November 7, 2024

Japan abolishes corporate tax on unrealized profits from cryptocurrencies

December 27, 2023

BTC-e operator Alexander Vinnik pleads guilty to money laundering conspiracy charges

May 4, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.