Tag: Futures

Stock Futures Move Higher as Traders Await Today’s Fed Rate Policy Decision

The gains have come while traders await the conclusion of the final Fed meeting of 2023. Stock futures in the United States climbed slightly higher on Tuesday, December 12, as investors await news on the Federal Reserve’s (Fed) policy. Futures on the Dow Jones Industrial Average (DIJA) climbed 0.11%, adding 42 points, while S&P 500 and Nasdaq 100 futures rose 0.11% and 0.18%, respectively. The market expects the US’ apex bank to keep rates steady instead of a reduction or an increase. This means the interest rate will remain in…

CME Bitcoin futures down 10%, still ahead of Binance

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The Chicago Mercantile Exchange remained traders’ preferred platform for Bitcoin futures even as BTC saw a 4% price correction amid a wide-ranging market dip. Bitcoin (BTC) futures positions on the Chicago Mercantile Exchange (CME) fell over 10% between Dec. 11 and Dec. 12, according to CoinGlass. The decline in open interest (OI) amounted to some 11,000 Bitcoins, the largest drop among exchanges within that time.  Despite the change, CME was the top venue for BTC futures open interest at press time and eclipsed the second closest contender, Binance, by at…

Bitcoin futures open interest on CME nears 2021 all-time high

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Bitcoin (BTC) futures open interest has reached $5.2 billion on the global derivatives giant Chicago Mercantile Exchange (CME), $200 million shy of its late October 2021 all-time high. Open interest in CME’s Bitcoin futures has grown from $3.63 billion to $5.20 billion over the last 30 days, according to Coinglass data. The open interest surge has run parallel to Bitcoin’s 26% gain over the same time, with Bitcoin currently trading at just over $44,000. CME’s Bitcoin futures open interest reached $5.2 billion on Dec. 6. Source: Coinglass From Oct. 1…

Open Interest in Bitcoin Perpetual Futures Hits New Yearly Record on Deribit Exchange 

The Deribit exchange has recorded a new yearly high for Bitcoin perpetual futures open interest, a record not seen since BTC’s ATH. The amount of open interest in Bitcoin perpetual futures on the Deribit derivatives exchange has hit a new high of $740 million. This impressive level was last seen in November 2021 when Bitcoin hit its $68,000 all-time high. As of this writing, open interest in Bitcoin perpetual futures has fallen to $717 million. A rise in open interest in Bitcoin perpetual futures suggests an increase in funds entering…

Bitcoin price rally to $42K driven by spot volumes, not BTC futures liquidations

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In the past seven days, Bitcoin (BTC) experienced a whopping 14.5% surge, hitting a 20-month high at $41,130 by Dec. 4. Traders and analysts have been abuzz with speculation, especially in the wake of the $100 million liquidation of short (bearish) Bitcoin futures within just 24 hours. However, when we dive into BTC derivatives data, a different story unfolds—one that places the spotlight on spot market action. BTC liquidation map Enough shorts to run it up all the way to $45-46k pic.twitter.com/7O2zYD4j8Q — Nik Algo (@nik_algo) December 4, 2023 The…

Dow Futures Slightly Up after closing at New 2023 High, Treasury Yields Remain Flat

Stock futures are mixed after the Dow Jones Industrial Average closed its best month in more than a year. On Friday, December 1, US Treasury yields remained without serious changes as investors were looking forward to hearing comments from Federal Reserve Chairman Jerome Powell that are expected to be voiced later today. The behavior of stock futures this morning is mixed.  Yesterday Dow Jones closed at a level that indicates a new high this year. As a result, November turned out to be the best month for Dow in more…

Bitcoin Futures And The Bitcoin Market

Bitcoin futures began officially trading on Sunday, December 10, 2017, first by the Chicago Board Options Exchange and, at a later date, by the Chicago Mercantile Exchange. There was a lot of debate about what Bitcoin futures would do to the market, but before we can get into that, it’s important to understand what Bitcoin futures are. What are futures? ‘Futures’ are an agreement to buy and sell Bitcoin by a certain date. This is so regulators, in this case, the Commodities Futures and Trade Commission, can oversee anything going on in…

Demand for Bitcoin Futures ETF BITO Ramps Up

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Grayscale, the manager of the Grayscale Bitcoin Trust (GBTC), is updating the trust’s agreement for the first time since 2018, according to a Wednesday filing. The aim is to optimize GBTC’s structure for an anticipated change to a spot bitcoin ETF and level the playing field when it comes to other applicants including asset-management giant BlackRock. The update, which will be put out for a shareholder vote, involves two proposed modifications to the trust agreement. The first allows fees, which had been collected by Grayscale on a monthly basis, to…