Total Open Interest in Bitcoin Futures Hits ATH, but Does It Matter?

[MUGNIA]

The total open interest on all Bitcoin futures has reached a new all-time high (ATH), according to data from skew.

Futures contracts exist when investors purchase the right to either buy or sell units of an asset at a later date with a fixed price. The concept allows for the prediction of future pricing and rewards for that pricing without actually owning the underlying asset.

All future contracts exist between a buyer and seller as an agreement to purchase at a later time. Open interest in those contracts reflects the total number of contracts that have not been concluded with a sale.


more : https://beincrypto.com/total-open-interest-in-bitcoin-futures-hits-ath-but-does-it-matter/