Los futuros de Bitcoin con margen en efectivo ganan popularidad a medida que el interés abierto alcanza niveles récord

Binance News · 2024-10-15T12:15:11.000Z

Según CoinDesk: Los futuros de Bitcoin están experimentando un crecimiento sin precedentes, con un interés abierto en futuros con margen en efectivo que alcanza nuevos máximos históricos, lo que indica una mayor participación institucional y madurez del mercado. Los datos de Glassnode revelan que el interés abierto en los contratos de futuros de Bitcoin con margen en efectivo alcanzó los 384.000 BTC (25.500 millones de dólares), superando el pico de noviembre de 2022, cuando Bitcoin cotizaba cerca de los 16.000 dólares.Tendencias clave en el interés abierto de futuros de BitcoinLos futuros con margen en efectivo lideran el mercado384.000 BTC en interés abierto en futuros con margen en efectivo, lo que marca un nuevo máximo histórico.

According to CoinDesk: Bitcoin futures are seeing unprecedented growth, with open interest in cash-margined futures reaching new all-time highs, signalling increased institutional participation and market maturity. Data from Glassnode reveals that open interest in cash-margined Bitcoin futures contracts hit 384,000 BTC ($25.5 billion), surpassing the November 2022 peak when Bitcoin traded near $16,000.
Key Trends in Bitcoin Futures Open InterestCash-Margined Futures Lead the Market
384,000 BTC in open interest in cash-margined futures, marking a new all-time high.
The CME accounts for 40% of the cash-margined open interest, reflecting growing institutional involvement.
In contrast, crypto-margined futures open interest has dropped to 87,000 BTC, down from 210,000 BTC two years ago, now making up only 18.2% of the total.
Open Interest Nears All-Time High
Total Bitcoin futures open interest stands at approximately 478,000 BTC ($31.8 billion).
The CME Group surpassed Binance as the largest futures exchange, capturing 30% of market share in October 2023.
Why Cash-Margined Futures Are Growing in PopularityStable Collateral Reduces Volatility:
Cash-margined contracts use stablecoins or USD as collateral, making them more stable than crypto-collateralized futures. This reduces the likelihood of forced liquidations, which are more common in crypto-margined futures and can cause market volatility.
Institutional Adoption:
The increase in cash-margined futures on the CME indicates growing institutional activity. Investors may use these contracts for hedging strategies or market-neutral trades.
Sustainable Bull Market Setup:
With reduced volatility and a preference for cash-margined products, the market is better positioned for sustainable growth, potentially supporting a bull run heading into 2025.
Impact of CME’s Dominance in the Futures MarketThe CME Group has become a leader in cash-margined futures, overtaking Binance with 30% of the market share. This shift reflects traders’ growing confidence in regulated products as they prepare for the anticipated U.S. spot Bitcoin ETFs, which launched in January 2024.
A Maturing Bitcoin Futures MarketThe rise of cash-margined Bitcoin futures highlights the increasing stability and maturity of the crypto derivatives market. With institutional players driving demand on the CME and crypto-margined contracts declining, the shift toward less volatile, cash-backed futures signals a healthier market environment.
As the market prepares for potential growth through 2025, the preference for cash-margined products could pave the way for a sustained bull run supported by institutional demand and reduced volatility.