BTC futures volume is at a low level in 2020, although ETH’s interests are soaring

The volume of trading on the Bitcoin futures exchanges (BTC) has plummeted to new lows in 2020; the BTC futures markets collective records just $5 billion in 24-hour volume as of June 13.

76% of futures trading took place at OKEx, Huobi, and Binance, representing $1.4 billion, $1.3 billion, and $1.1 billion in volume, according to data published by the market analysis firm Skew.

Bitcoin’s per-transaction fee drops to less than $1, returning to April levels

The drop in activity has caused the volume to be reduced by approximately half for two consecutive days.

Bitcoin’s open interest rebounds strongly
Although Bitcoin futures activity has fallen, recently opened interest has regained its levels prior to the violent Black Thursday crash in mid-March, causing the $4 billion mark to be tested for the first time in three months.

On the other hand, open interest in BTC options has reached new highs, surpassing USD 1.5 billion just one month after marking ten figures for the first time.

A record number of investors own at least 0.1 BTC

BTC options open interest: Skew

The historical highs have been reinforced by a 3,000% peak in open interest on the Chicago Mercantile Exchange during May.

Ethereum’s open interest
Open interest in Ether (ETH) options in the leading Derebit market has continued to rise to record highs.

In recent days, ETH’s open interest in The News Spy exceeded USD 150 million for the first time, approximately double the previous historical maximum which was broken only a month ago.

Bitcoin price falls below USD 9,000 amid heavy losses in the futures market