Paypal finance: total holdings of bitcoin futures OI rose significantly

Paypal finance

Abstract

* BTC current price 8848, the past 24 hours up 16.6%, the highest 8952, the lowest 7676. It's up 21% so far this year
* Tether issued 160 million USDT in the wave field network yesterday
* the judicial bureau revoked the change of the original legal person after the bitmainland administrative review results were released

1. Trading volume observation
A) spot trading - the price climbed, with the price rising after the trading volume was significantly amplified between 9am and 4am yesterday.
B) contract trading -- short single burst position 224.7m (81.85%) long single burst position 49.8m (18.15%) -- but major trading platform contract holding increased
2. The contract premium on major trading platforms expanded in June -- from 1.97% annualized to + 4.27% -- and the premium on long-month contracts has also started to be significant

3. Total positions held in futures OI increased significantly. Positions at OKEX and Bybit continue to rise rapidly

4. Perpetual contract funding is still short, BitMEX single rate remains at 0.0135%, with big intradurities.

5. Recently, the volatility has increased. Cosco months remain high and balanced relative to history.

6. Compared with yesterday, the term structure has increased in the near term while the forward term structure remains in equilibrium.

7. Spot futures performance is converging. The cosco month IV decline appears to be more pronounced.

Original link:https://mp.weixin.qq.com

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