Bitcoin Futures Trades Flip Bullish Into $121K BTC highs

Main points:

• Bitcoin Futures Buy Buy indicates that traders have become bully in the long term on BTC this month.

• The “Gap”, which costs $ 110,000 in the Bitcoin future in the CME group, is still not full.

• Bitcoin ETF options are tested in popularity as IBIT’s open interest is approaching $ 40 billion.

Bitcoin (BTC) derivatives fluctuate “with a long force” as the price is close to its highest levels.

In new analysis Ja Maartunn, which was released in X Friay, is a contributor to the onchain analytics platform, about a major shift in the future of Bitcoin in October.

Bitcoin Futures Buy Buy Grans in October

Bitcoin Futures pass by feelings at the beginning of October.

As Maartunn showed, the net purchase increased, and now the net sales volume is more than $ 1.8 billion.

“Justice buyers ascend,” commented alongside an encrypted scheme of Net Taker folders on the largest encryption exchange, Binance.

The publication was a response to Notes By Cryptoquant Ki Young Ju, who indicated that his last highest level in Bitcoin came on the back of a continuous buying momentum between whales in the derivative market.

Marton added: “A clear sign of the aggressive long positioning,” Marton added.

Just a few days ago, futures market markets topped the headlines of the opposite reason.

The “GAP” on the remaining weekend in the CME Group futures for the short -term BTC price correction for traders, exceeding $ 110,000, for all data from Cointelegraph Markets Pro, and Tradingvief.

Although gaps were occupied within weeks or days in recent months, sellers have failed to start a deep decline sufficiently this week.

As Cointelegraph said, the plans are in full swing in CME to make Bitcoin Futures a clock trade, which removes the phenomenon of “gap”.

Bloomberg analyst: Bitcoin’s investment funds are “no joke”

At the same time, the boxes on the stock exchange (ETFS) in the United States took More than 600 million dollars During the Wall Street trading session on Thursday.

Related to: The following Bitcoin station may be $ 125,000: This is the reason

With the total week at $ 2.25 billion at the time of writing this report, ETF data continued to surprise.

in X post Friday, James Check, ONSAIN DATA Resource Checkonchain, has been marked by increasing growth in options in the largest ETF sites, ISHARES Bitcoin Trust (IBIT).

“The growth of IBIT options is the least discussed, but the most important market structure has turned into Bitcoin since the investment funds circulated in themselves,” he said.

“IBIT Defribit has not exceeded, but the options are now larger and then future contracts with open attention.”

Eric Balunas, ETF analyst for Bloomberg, initially I mentioned IBIT is to exceed Deribit’s Coinbase, with the previous open interest of $ 38 billion.

He concluded by saying: “I told Y’all Atfs not a joke … fat encryption margins in trouble.”

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.