PANews March 3 News, according to Cointelegraph analysis, Bitcoin futures demand has fallen to its lowest level since 2024, indicating that many institutional traders remain cautious. Data shows that the total open interest in Bitcoin futures on major exchanges dropped to $32 billion on Sunday, a 20% decrease from a month ago. Open interest in BTC-denominated contracts fell to 491,300 BTC, the lowest since August 2024. The monthly futures contract annualized premium rate dropped to a 1-year low of 2%, well below the neutral range of 5%-10%, and has failed to sustain a bullish level over the past 12 months.
Despite the decline in demand, analysts believe it is premature to conclude that institutions are exiting the market. The daily trading volume of spot Bitcoin ETFs still exceeds $3 billion, publicly listed companies hold over $79 billion on-chain, and CME futures open interest remains at $7.5 billion, all clear signs of institutional participation. The options market also shows no sustained pressure, with put options demand lower than call options. Analysts note that although bullish confidence is lacking, the market remains balanced. As more buyers return, fear and uncertainty will eventually dissipate.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Santiment: The surge in active USDT addresses on a certain public blockchain is correlated with the rebound of BTC
Research firm Santiment found that over the past year, when USDT active addresses on a certain public blockchain surged three times, BTC price rebounded each time, indicating that USDT liquidity has a significant impact on BTC price.
GateNews8m ago
Bitcoin ETF Records $138.48M Daily Inflow While Ethereum ETF Sees Weekly Outflow of $95.35M
Gate News bot message, according to the March 12 update, Bitcoin ETFs recorded a 1-day net inflow of 1,965 BTC (approximately $138.48 million) and a 7-day net inflow of 321 BTC (approximately $22.65 million).
Ethereum ETFs showed a 1-day net inflow of 19,243 ETH (approximately $39.99 million), but
GateNews48m ago
