Interest in BTC futures reaches $10 billion
The highest interest in Bitcoin futures in history has been recorded. It means that the mass of users is betting on the rapid rise in the price of the first cryptocurrency
Futures are a financial instrument used to get rich. Investors, paying for futures, enter into an agreement with the fund to buy bitcoins at a pre-agreed cost.
By the time the contract is executed, if the cryptocurrency rises in value, the trader will be able to receive income. And if it does not grow, but falls, then the investor will lose money.
A futures contract has a specific term (1 day, 1 month, 3 months, a year). Therefore, before the new year, interest in futures decreased from $9.4 to $8 billion as of 01.01.2021.
There are also contracts without a specified period, which can be cashed at any time. They differ from options in that they give the right, but not the obligation, to buy bitcoins at the end of the contract.
From January 2, interest in futures started to grow again. Many investors, whose futures contracts closed ahead of the new year, saw a sharp rise in the value of BTC and strongly reinvested.