In October, traders doubled the amount of open long positions in bitcoin futures from 500 BTC to more than 1000 BTC on Chicago Mercantile Exchange (CME).
</p>In September, this figure reached 1300 BTC, but after launch Bakkt began to fall.
Earlier, CME reported a significant increase in the third quarter of the interest of large players in bitcoin futures. The number of open contracts exceeded the figure for the same period last year by 61%.
Recall Grayscale Investments byThe results of the third quarter stated that 84% of the influx of new investments in its cryptocurrencies was made up of institutional funds, mainly hedge funds.
Read this:
The number of bitcoin futures in 2019 increased by 61%
Huobi Russia OTC platform will work without commissions throughout October
The total amount of ETH blocked in DeFi, for the first time exceeded $ 552 million
Meltem Demirors: Institutions Threaten Bitcoin
Andreas Antonopoulos: Google quantum computer does not threaten bitcoin
Thousands of people in Venezuela will survive the economic crisis thanks to Bitcoin