500,000 leveraged bitcoins

The growing perps OI shows no signs of stopping. Now, notional open interest in BTC perps nears 500,000 BTC and seems to be in a parabolic growth trend amid BTC’s flattening volatility.

No signs of relief in BTC futures

In an idle futures market, CME has resumed trading at a discount to the spot market.

Futures premiums stay suppressed this week as offshore exchanges see premiums flattening near 1%. Meanwhile, CME's 3mth basis falls to -1% as institutional traders remain reluctant to add long exposure in the current shaky environment.

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