The BTC futures market has reached new heights, recording transaction volumes of $30 billion (excluding an additional $14 billion registered on the CME exchange). This was reported by researchers from Matrixport. They noted that this is a record high for 2024, indicating growing interest from institutional and private investors. “Although the funding rate recently exceeded 30% per annum, it has fallen to 15%. This indicates a reduction in high-risk positions, while maintaining overall confidence in the market,” the specialists emphasized.
According to the assurance of specialists, the peculiarity of the current growth was the stability of Bitcoin price against the background of the rate reduction. Usually such fluctuations are accompanied by volatility, but active spot demand and high liquidity contribute to stabilization. Experts believe that this gives traders the opportunity to open long positions at lower costs, which supports the overall bullish mood.
Decrease in financing rates also positively affects the market structure. Lower leverage makes trading more sustainable, minimizing the risk of forced liquidations. This trend strengthens investors’ confidence in the maturity of the cryptocurrency sector.
According to analysts, the current dynamics is related to macroeconomic instability. Investors are looking for alternative assets to preserve capital. Against the background of growing interest in the digital coin Bitcoin, experts predict further strengthening of the bullish trend, especially if spot demand continues to grow.
CME participation remains an important factor, with volumes indicating institutional activity. The interest of major players contributes to the popularization of cryptocurrencies among wider groups of investors and further integration of digital assets into the financial system.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
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