Skew team recorded an increase in Bitcoin futures trading

by in Cryptocurrency News

Bitcoin futures

After Bitcoin rose in price to $ 11,700, analysts from the Skew team recorded an increase in trading in BTC futures.

Researchers have noticed a resurgence of open investor interest in the product. Trading activity is picking up this week on most futures platforms, signaling a return for institutional players.

According to Skew experts, major players have started to take part in Bitcoin futures again, as recently it became known about the decision of three giants to invest in the largest digital currency.

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Recall that the American company MicroStrategy and the IT giant Square invested $ 425 million and $ 50 million in BTC, respectively. Later it became known that Stone Ridge, which manages $ 10 billion in assets, bought 10,000 bitcoins.

A noticeable increase in trading in Bitcoin futures has been observed over the past two weeks. Investor activity is also growing on the Chicago Stock Exchange (CME).

Note that this spring, BitMEX, and OKEx exchanges were the leaders in the BTC futures market. The daily trading volume on these platforms reached $ 11.98 billion and $ 15.5 billion, respectively.