Crypto Futures News 

Bakkt Bitcoin Futures Open Interest Hits New All-Time High of $6.54M

“Bitcoin (BTC) futures open interest on digital asset platform Bakkt has hit a new all-time high” writes Adrian Zmudzinski for cointelegraph.com. The reported open interest is a 42% increase from the previous day, which was an all-time high as well.In futures markets, open interest is the number of open contracts in the market and is often used to indicate the health of the market.According to a Dec. 3 Twitter post published on Dec. 3 by Bakkt Volume Bot — a Twitter account dedicated to reporting Bakkt trading volumes — Monday’s open interest on Bakkt Bitcoin futures reached a new all-time high of $6.5 million.When there is a large amount of open interest, new or additional capital is flowing in.
 
Source: cointelegraph.com



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