Part 1 Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide 
Bitcoin futures surge suggesting fresh capital entering market
Bitcoin futures open interest swells signaling potential leverage upswing
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Quick Take
- A sharp increase in futures open interest occurred on Aug. 9 to a level seen just seven times this halving cycle, thus registering one of the largest single-day surges ever.
- An impressive addition of over 32,000 Bitcoin was channeled into futures open interest contracts, pushing the open interest close to the year-to-date highs.
- A sharp variation in Futures Open Interest often indicates deleveraging events and liquidation cascades and can swing both ways – long and short.
- Significant positive spikes typically signify substantial inflows of Open Interest, hinting at fresh capital venturing into the market and an upswing in leverage.
- On the other hand, large negative spikes usually emerge from short/long squeezes or liquidation cascades, which results in a massive volume of open contracts being margin called and closed.
Market Cap $1.57T
24H Volume $29.02B
