The amount of open positions on the futures markets of bitcoin have exceeded $5 billion on 13 February. It is reported by analyst Larry Cermak The Block.
Net exposure represents the value of the outstanding futures contracts, the calculation of which has not yet been made. The increase in this indicator indicates that traders expect the price volatility of the underlying asset in the short term.
Exchange BitMEX cryptooperation leader on this indicator from open positions of $1.6 billion (about 31% of the total amount). For BitMEX followed by Chinese exchanges Huobi and OKEx, in which the amount of the open positions are about $1.4 billion and $1 billion respectively.
Chicago Mercantile exchange (CME) is currently the fifth most popular place to trade futures contracts on the bitcoin from open positions of $312 million, while at Bakkt just $18 million.