Category: Cryptocurrency news

Bitcoin Futures Hit $42.6B Across 11 Exchanges — Here Is What Open Interest Signals for June

Bitcoin’s derivatives markets are pricing in a significant move as $40 billion in options open interest and another $40 billion-plus in futures contracts sit across major exchanges while the leading crypto asset trades at $73,600 on Sunday morning at 11:30 a.m. ET on May 31. Key Takeaways: Bitcoin futures open interest (OI) across 11 exchanges […]

A massive $1.26 billion sale of BlackRock’s IBIT was likely a rapid exit by a large investor

A $1.26 billion block sale of BlackRock’s iShares Bitcoin Trust (IBIT) this week might have been driven by a large investor seeking a rapid exit from bitcoin exposure rather than the unwinding of a common hedge-fund trading strategy. That’s according to an analysis published by crypto investment firm NYDIG. The transaction took place on May […]