Bitcoin Futures Increase in Open Positions and Trading Volume, While Ethereum Futures Decline

According to reports, according to Block Research data, the open positions of Bitcoin futures in March increased by 7.1%, while the open positions of Ethereum futures decreased by 5.8%; In terms of futures trading volume, the monthly trading volume of Bitcoin futures increased by approximately 64.7% in March, reaching $1.26 trillion. In addition, the Bitcoin futures holdings of Zhishang Exchange increased by 15.3% in March to $2.09 billion, and the daily average trading volume increased by 16.5% to $1.45 billion. The monthly average trading volume of Ethereum futures reached $659 billion, an increase of 32.1%.

Data: The trading volume of Bitcoin futures in March reached $1.26 trillion, an increase of approximately 64.7%

#Introduction

In recent reports released by Block Research data, Bitcoin futures have seen a significant increase in open positions and trading volume while Ethereum futures have decreased. This article will break down these findings and explore the reasons behind these changes.

#How Bitcoin Futures Open Positions Increased While Ethereum’s Decreased

According to the data, open positions of Bitcoin futures increased by 7.1% in March, while Ethereum futures saw a decline of 5.8%. This trend is likely due to the overall market shift towards Bitcoin over Ethereum as Bitcoin has been performing better and is more established as a store of value. Additionally, the current hype surrounding the introduction of Bitcoin ETFs has likely influenced the increase in open positions for Bitcoin futures.

#Increase in Bitcoin Futures Trading Volume

Along with the increase in open positions, the monthly trading volume of Bitcoin futures has also experienced growth, increasing by approximately 64.7% in March to $1.26 trillion. This growth in trading volume is likely due to the increasing institutional adoption of Bitcoin as a hedge against inflation and a diversification tool.

#Increase in Bitcoin Futures Holdings on Zhishang Exchange

Zhishang Exchange has seen a significant increase in Bitcoin futures holdings, with a 15.3% increase to $2.09 billion in March. The daily average trading volume also increased by 16.5% to $1.45 billion. This growth demonstrates the increasing interest in Bitcoin futures trading in China.

#Ethereum Futures Monthly Trading Volume

While Bitcoin futures have seen significant growth, the monthly average trading volume of Ethereum futures increased by 32.1% to $659 billion in March. Ethereum futures’ growth rate is slow compared to Bitcoin, but it may still hold potential for the future. The Ethereum network is undergoing some changes that may bring about an increase in demand for its futures trading.

#Conclusion

In conclusion, Bitcoin futures have seen a considerable increase in open positions and trading volume, with Zhishang Exchange proving to be a platform of choice for traders. Meanwhile, Ethereum futures have experienced a slight decline in open positions but are still showing growth in monthly trading volume. Experts predict that these numbers may continue to evolve as cryptocurrencies continue to attract mainstream investors.

#FAQs

1. Can Bitcoin futures be traded on traditional markets like the New York Stock Exchange?
No, Bitcoin futures are typically traded on specialized cryptocurrency exchanges.
2. How can one invest in Bitcoin futures?
One can invest in Bitcoin futures either by purchasing them directly or by investing via ETFs or mutual funds.
3. What is the difference between Bitcoin and Ethereum futures?
Bitcoin and Ethereum futures are both types of financial derivatives that can be traded. The primary difference lies in the underlying assets, where Bitcoin futures are based on the value of Bitcoin, and Ethereum futures are based on the value of the Ethereum network.
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