DWF Labs' Martin Lee noted that Bitcoin futures open interest stood at 704,000 BTC this week, the highest since Sept. 24, while spot market liquidity continued to thin. Meanwhile, the Treasury's $25 billion 30-year bond auction on Nov. 12 drew a 2.36 bid-to-cover ratio, down from 2.54 in October, and cleared at 5.441% against a… Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Bitcoin’s futures pile has a problem: less cash to fuel a rebound
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CryptoSlateBy Gino Matos
EXECUTIVE SUMMARY
DWF Labs' Martin Lee noted that Bitcoin futures open interest stood at 704,000 BTC this week, the highest since Sept. 24, while spot market liquidity continued to thin. Meanwhile, the Treasury's $25 billion 30-year bond auction on Nov. 12 drew a 2.36 bid-to-cover ratio, down from 2.54 in October, and cleared at 5.441% against a… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Key Takeaways
- Bitcoin’s futures pile has a problem: less cash to fuel a rebound.
- DWF Labs' Martin Lee noted that Bitcoin futures open interest stood at 704,000 BTC this week, the highest since Sept.
- 24, while spot market liquidity continued to thin.
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