#Open Positions of Bitcoin Futures Increase by 7.1% while Ethereum Futures Decrease by 5.8%

04/05/2023 07:46 • Digital Disruptors • 104 views

According to reports, according to Block Research data, the open positions of Bitcoin futures in March increased by 7.1%, while the open positions of Ethereum futures decreased by 5.8%; In terms of futures trading volume, the monthly trading volume of Bitcoin futures increased by approximately 64.7% in March, reaching $1.26 trillion. In addition, the Bitcoin futures holdings of Zhishang Exchange increased by 15.3% in March to $2.09 billion, and the daily average trading volume increased by 16.5% to $1.45 billion. The monthly average trading volume of Ethereum futures reached $659 billion, an increase of 32.1%.

Data: The trading volume of Bitcoin futures in March reached $1.26 trillion, an increase of approximately 64.7%

Bitcoin and Ethereum are two of the most popular digital currencies in the world, with a combined market capitalization of over $1 trillion. As such, traders and investors are always keen to keep an eye on the futures market for both assets, as this can provide valuable insights into the overall sentiment surrounding them. According to the latest data from Block Research, the open positions of Bitcoin futures in March increased by 7.1%, while the open positions of Ethereum futures decreased by 5.8%.

Bitcoin Futures Trading Volume Soars by 64.7%

The monthly trading volume of Bitcoin futures also saw a significant increase in March, reaching $1.26 trillion, which is approximately 64.7% higher than the previous month. This suggests that Bitcoin remains in high demand among traders, despite its price experiencing some volatility in recent months.

Zhishang Exchange Witnesses Impressive Growth in Bitcoin Futures Holdings, Trading Volume

Another interesting development is the increase in Bitcoin futures holdings on Zhishang Exchange, which saw a rise of 15.3% in March to $2.09 billion. The daily average trading volume also went up by 16.5% to $1.45 billion, indicating that the exchange is gaining popularity among traders in the futures market.

Ethereum Futures Trading Volume Also Sees Solid Growth

While the open positions of Ethereum futures decreased by 5.8%, the monthly trading volume still reached $659 billion in March, which is an increase of 32.1% compared to the previous month. This suggests that Ethereum futures still have a significant appeal to traders and investors alike.

Conclusion

In conclusion, the latest data from Block Research provides some interesting insights into the current trends of the futures market for Bitcoin and Ethereum. While Bitcoin futures remain a popular choice among traders, Ethereum futures are also experiencing solid growth in trading volume, despite the decrease in open positions. This suggests that both digital currencies are likely to remain in high demand among investors for the foreseeable future.

FAQs

1. What are Bitcoin futures?
– Bitcoin futures are contracts that allow investors to speculate on the future price of Bitcoin without actually owning the digital currency.
2. What are Ethereum futures?
– Ethereum futures are contracts that allow investors to speculate on the future price of Ethereum without actually owning the digital currency.
3. Why are futures markets important for digital currencies?
– Futures markets provide valuable insights into the overall sentiment surrounding digital currencies, which can help investors make informed decisions about buying or selling them.

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/04/05/open-positions-of-bitcoin-futures-increase-by-7-1-while-ethereum-futures-decrease-by-5-8/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.