Onchain Highlights DEFINITION: The total amount of futures contracts open interest that is margined in USD or USD-pegged stablecoins. Stablecoins include USDT and BUSD. Open interest (OI) for cash-margined Bitcoin futures has been extremely volatile over the past few months. In early January 2024, OI for cash-margined futures on all exchanges started at approximately 280,000 […]
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Open interest on cash-margined futures is volatile and tied to spot prices