Bitcoin Futures Trades Flip Bullish Into $121K BTC highs

Important points

• Bitcoin futures buying volume shows that long-term traders have become more bullish this month on BTC.

• You can get $110,000 “gap” Bitcoin Futures at CME Group remain unfilled.

• Bitcoin ETFs are gaining in popularity, as IBIT interest is approaching $40 billion.

BitcoinBTCDerivatives traders flipping “aggressively long” Prices are edging closer to their all-time highest.

The new analysis The following was released by X on Friday: J. A. Maartunn is a contributor at the blockchain analytics platform CryptoQuant. He revealed a notable shift in Bitcoin futures for October.

Bitcoin futures volume increases in October

As October begins, the sentiment on Bitcoin futures is changing.

Maartunn has shown that the net volume of purchases is increasing and surpasses the net volume of sales by about $1.8 billion.

“Futures buyers are stepping up,” he made his comment alongside a CryptoQuant Chart of Net Taker Volumes on Binance.

This post is a reply to observations CryptoQuant’s CEO Ki Young Ju noted that Bitcoin’s recent local highs were a result of the sustained buying momentum by derivatives-market whales.

“A clear sign of aggressive long positioning,” Maartunn is added.

A few weeks ago, it was the other way around. 

A weekend “gap” Left in CME Group’s Bitcoin futures was a new short-term BTC price correction target According to data, the average trading price for traders is just over $110,000. Cointelegraph Markets Pro You can also find out more about the following: TradingView.

Sellers failed to make a sufficient retracement despite gaps having been filled in the past few months within a matter of days or weeks.

The following are some of the ways to get in touch with us. Cointelegraph reportedCME is planning to allow Bitcoin futures trading 24 hours a day, eliminating the current restrictions. “gap” phenomenon.

Bitcoin ETFs to be launched by Bloomberg Analyst “no joke”

US Bitcoin Exchange-Traded Funds (ETFs) took in more than $600 million Wall Street traded on Thursday.

Related: Bitcoin’s next stop could be $125K: Here’s why

ETF data continues to be a surprise. The week total was $2.25 billion as of the date this article is written.

It is a good idea to get started with a newbie. X post James Check, the creator of Checkonchain’s onchain data, noted Friday that options for BlackRock’s iShares Bitcoin Trust, which is currently the world’s largest ETF by market cap, have seen a surge in growth.

“The growth of IBIT options is the least discussed, but most significant markets structure shift for Bitcoin since the ETFs themselves,” He was arguing. 

“Not only did IBIT surpass Deribit, but Options are now larger then futures by open interest.”

Eric Balchunas is a Bloomberg ETF Analyst. reported IBIT’s Deribit has now surpassed Coinbase’s IBIT, with IBIT’s open interests at $38 billion.

“I told y’all ETFs are no joke.. Fat crypto margins in trouble,” He said.

This article contains no investment recommendations or advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.