CandleFocus

Cash-Margined Bitcoin Futures are More Popular Than Ever as Open Interest Reaches New Highs

Bitcoin futures open interest is reaching all-time highs, with cash-margined futures hitting a record high of 384,000 BTC ($25.5 billion). This surge is primarily driven by institutional activity, particularly on the CME. Meanwhile, crypto-margin as a percentage of total open interest is decreasing, currently accounting for only 18.5%. Cash-margined bitcoin futures contracts are becoming more popular due to their stability and lower volatility compared to crypto-collateralized futures. The CME's dominance in cash-margined contracts suggests increasing institutional involvement in the derivatives market. This trend is expected to continue, potentially providing a more sustainable bull run in the future.

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