{"id":89478,"date":"2020-10-15T02:48:00","date_gmt":"2020-10-14T23:48:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/surging-bitcoin-futures-volume-highlights-increasing-institutional-interest\/"},"modified":"2020-10-15T02:48:00","modified_gmt":"2020-10-14T23:48:00","slug":"surging-bitcoin-futures-volume-highlights-increasing-institutional-interest","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/surging-bitcoin-futures-volume-highlights-increasing-institutional-interest\/","title":{"rendered":"# Surging Bitcoin futures volume highlights increasing institutional interest"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a23e6b7ce7f9\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a23e6b7ce7f9\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/surging-bitcoin-futures-volume-highlights-increasing-institutional-interest\/#Whats_behind_the_surge\" >What\u2019s behind the surge?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/surging-bitcoin-futures-volume-highlights-increasing-institutional-interest\/#OTC_deals_among_whales_might_also_be_increasing\" >OTC deals among whales might also be increasing<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Surging Bitcoin futures volume highlights increasing institutional interest  <\/strong>&#8221;<\/p>\n<div data-v-5a136f3a=\"\">\n<p dir=\"ltr\">On Oct. 12 Bitcoin price (BTC) pushed above $11,700 on Binance and data shows trading at derivatives exchanges also began to spike.<\/p>\n<p dir=\"ltr\">According to data from Skew, CME Bitcoin futures open interest has started to recover. The term open interest refers to the total amount of long and short contracts open at a given time and it is typically used to gauge trading activity in the futures market.<\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"670\" alt=\"CME Bitcoin futures volume\" src=\"https:\/\/s3.cointelegraph.com\/storage\/uploads\/view\/33456259c4aacce5c04dd0f7186283cf.jpg\" title=\"CME Bitcoin futures volume\"\/><\/p>\n<p dir=\"ltr\" style=\"text-align: center;\"><em>CME Bitcoin futures volume. Source: <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/skewdotcom\/status\/1315909901017808897\/photo\/1\">Skew<\/a><\/em><\/p>\n<p dir=\"ltr\">The daily volume across other institution-focused platforms, including LMAX Digital and Bakkt, also remains high. This suggests that institutional volume is growing in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> after BTC\u2019s strong rally.<\/p>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"Whats_behind_the_surge\"><\/span>What\u2019s behind the surge?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\">In the past two months, three multi-billion dollar conglomerates publicly announced significantly sized investments in Bitcoin.<\/p>\n<p dir=\"ltr\">First, MicroStrategy, a publicly-listed U.S. company on the Nasdaq, said it invested $425 million in Bitcoin. The company said it would treat BTC as its primary treasury asset, essentially as a hedge against inflation.<\/p>\n<p dir=\"ltr\">Then, the $81 billion payments conglomerate Square followed with a $50 million investment. Square reportedly invested 1% of its portfolio into BTC, demonstrating strength in its long-term growth.<\/p>\n<p dir=\"ltr\">On Oct. 13, as Cointelegraph reported, Stone Ridge, a $10 billion asset manager, purchased 10,000 BTC. The company is now the third major corporation in the U.S. to make a major Bitcoin investment in the past two months.<\/p>\n<p dir=\"ltr\">Following the high profile investments into Bitcoin from MicroStrategy, Square, and Stone Ridge, institutional demand for Bitcoin might be growing naturally. Researchers at Skew <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/skewdotcom\/status\/1315909901017808897\/photo\/1\">said<\/a>:<\/p>\n<blockquote>\n<p dir=\"ltr\">\u201cCME #bitcoin futures open interest is rebounding as the carry trade reopens. Watch the COT report this weekend for potentially more leveraged funds shorts.\u201d<\/p>\n<\/blockquote>\n<p dir=\"ltr\">Bitcoin futures data from Digital Assets Data also show a noticeable uptick in volume over the past 2 weeks.\u00a0<\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"450\" alt=\"BTC futures volume by exchange\" src=\"https:\/\/s3.cointelegraph.com\/storage\/uploads\/view\/6b528be01cfd60f8b5f890bb78deba98.png\" title=\"BTC futures volume by exchange\"\/><\/p>\n<p dir=\"ltr\" style=\"text-align: center;\"><em>BTC futures volume by exchange. Source: <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.digitalassetsdata.com\/\">Digital Assets Data<\/a><\/em><\/p>\n<p dir=\"ltr\">It is possible that CME Bitcoin futures open interest has been recovering after the September monthly expiration. Every monthly CME futures contract expires on the last friday of every month. Since the futures market resets after every expiration, open interest drops with it in tandem.<\/p>\n<p dir=\"ltr\">But the overall increase in volume across various institutional platforms indicates that institutional demand is likely rising.<\/p>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"OTC_deals_among_whales_might_also_be_increasing\"><\/span>OTC deals among whales might also be increasing<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\">Since early October, researchers at Whalemap have said OTC deals among whales have been increasing.\u00a0<\/p>\n<p dir=\"ltr\">Whalemap, a platform that tracks whale activity and the trades of high-net-worth investors, found that in-person deals have noticeably spiked especially before and after major announcements. They <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/whale_map\/status\/1314300664265273346\">said<\/a>:<\/p>\n<blockquote>\n<p dir=\"ltr\">\u201cI was looking forward to seeing if more OTC deals will come through, and they did. I am leaning more and more towards the idea that you can see these OTC deals h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ening on-chain before the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> are released.\u201d<\/p>\n<\/blockquote>\n<p dir=\"ltr\">Atop the high institutional and whale activity, overall spot market volume <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/skewdotcom\/status\/1315911260018536448?s=20\">has been increasing<\/a> simultaneously.<\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"670\" alt=\"Aggregated daily BTC spot volumes\" src=\"https:\/\/s3.cointelegraph.com\/storage\/uploads\/view\/f08ce7bea20995f575a3634253dd5219.png\" title=\"Aggregated daily BTC spot volumes\"\/><\/p>\n<p dir=\"ltr\" style=\"text-align: center;\"><em>Aggregated daily BTC spot volumes. Source: <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/skewdotcom\/status\/1315911260018536448\/photo\/1\">Skew<\/a><\/em><\/p>\n<p dir=\"ltr\">During an uptrend, high spot volume is critical to sustain the upward momentum as it shows genuine interest in Bitcoin from retail investors.<\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/surging-bitcoin-futures-volume-highlights-increasing-institutional-interest\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Surging Bitcoin futures volume highlights increasing institutional interest &#8221; On Oct. 12 Bitcoin price (BTC) pushed above $11,700 on Binance and data shows trading at derivatives exchanges also began to spike. According to data from Skew, CME Bitcoin futures open interest has started to recover. The term open interest refers to the total amount&#8230;<\/p>\n","protected":false},"author":1,"featured_media":89479,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/storage\/uploads\/view\/8c8d582db02af12c34fc871f0f8c4290.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,75845,75846,73785],"class_list":["post-89478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-cme","tag-futures","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/89478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=89478"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/89478\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/89479"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=89478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=89478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=89478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}