As bitcoin prices look to find steady ground, market participants utilized bitcoin futures to manage uncertainty.
The contract posted its second-best month in ADV terms, including a single-day trading record on November 20 of 14,490 contracts (72.5K equivalent bitcoin, or $307M notional).
November at a Glance:
- 5,988 contracts in ADV ($145M notional or ~30K equivalent bitcoins), +141% vs. October
- Average daily OI up to 3,395, +13% versus prior record established in July
- Record 44 Large Open Interest Holders (LOIHs); +21% vs. October
- Over 1,900 active accounts trading