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⚜MARKET MOVEMENT

The overall share of open interest across Bitcoin Futures per platform has seen a huge shift in volume over the last couple of years, the most important changes being an increase of over 500% for Binance Futures since 2020 and a decrease in Bitmex market dominance from 35% down to 2%, where it’s currently sitting. This shift in overall interest could be telling us something about the market, and how it could be about to change.

What would this shift in open interest mean for BTC price action in the long term?

In the long term (talking about the next 2-3 years), we could see a much stronger shift in overall open interest across Bitcoin Futures exchanges, which would inevitably create strong waves in price action, specially for BTC. The strongest shift in open interest is expected to start once we confirm the beginning of a new long term market cycle.