Analytics / Forex and Crypto News
According to the data of the analytical company Skew, since the beginning of 2020, the volume of open orders in Bitcoin futures markets has grown by 60%. The total volume of open positions on leading crypto derivatives exchanges is about $4 billion. More than half of this volume is concentrated on two exchanges - BitMEX and OKEx. The volume of open positions on each exceeds $1 billion.
Bitmex CEO Arthur Hayes commented on this:
Over one billion open orders on XBTUSD. Time for fireworks.
He added that the trading volume of Bitcoin futures on BitMEX exceeded $2 trillion since the launch of the exchange in 2016.
“Given that open orders on BitMEX have reached a billion, we should expect an increase in market volatility,” said Scott Melker, an analyst at Cointelegraph Markets. “We will not stay at $9,400. The next step should be significant and this will happen relatively soon."
During November, ICO-projects sold 416K ETH. This is the largest figure since the summer, reports Trustnodes.
According to Santiment, in August, ICO startups sold only 100,000 ETH. In September, sales of digital currency increased significantly, reaching 300 thousand ETH. In Nov