Bitcoin price again start rising in people market

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Bitcoin price again start rising in people market

Post by ஆதித்தன் » Thu Jun 20, 2019 6:37 pm

Bitcoin Interested


Came across an interesting graph this morning that I thought worth sharing. It was posted by the CME Group on their Twitter page.

Image

What this shows is that ever since the bitcoin futures were launched in December 2017, CME has been seeing steadily increasing activity and demand for this product.


Open interest represents the number of contracts that are open on a specific asset on a given day. This is a bit different than volume because volume only shows the amount traded, while open interest includes all of the positions currently being held.


According to Investopedia, a rise in open interest that corresponds with a price increase is generally taken as a bullish sign. On Monday, the Bitcoin futures on the CME hit a record high open interest.
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