Trading volume on Bitcoin (BTC) fell sharply to a new low in 2020, and on June 13, trading volume on the BTC Futures market was only $ 5 billion.
According to data released by market research firm Skew, 76% of futures transactions passed through OKEx, Huobi and Binance, which amounted to $ 1.4 billion, $ 1.3 billion, and $ 1.1 billion.
The decrease in activity resulted in a volume decrease of about half in two consecutive days.
Bitcoin is concerned about the rise
While bitcoin futures activity declined, interest opened recently for Wild Black Thursday in mid-March – and for the first time in three months, it tested $ 4 billion.
Meanwhile, open interest in options at BTC reached new heights, surpassing $ 1.5 billion just a month after it was first featured with ten-digit numbers.
The high record was supported by a sharp increase in the Chicago Mercantile Exchange’s share of 3000% in May.
Open-interest Ethereum satellites
Open interest in ether options (ETH) in the flagship Derebit market continues to grow to record levels.
In recent days, ETH’s open interest in Derebit for the first time has exceeded $ 150 million, double the previous record, which was broken just a month ago.