Data: BitMEX's open positions amount to 100,000 BTCs, or indicate that market trends are increasing

The BitMEX Open Bitcoin Futures Contract (XBTUSD) is about to reach the peak of 100,000 Bitcoins. Open interest contract data is heavily dependent on key psychological dimensions, which may indicate that the crypto derivatives market is mature. BitMEX's market activity is much more active than its competitors, as the platform's recent open positions have increased significantly. Open interest is an indicator of how money flows into the derivatives market and usually shows the maturity of the market. The vast majority of sentiment in mature markets seems to be bullish, as more than 80% of XBTUSD positions are doing more bitcoin.