ICE bitcoin volumes have begun a solid uptrend, but open interest hasn't kept up. To me this signals short term speculation activity rather than long term hedging:pic.twitter.com/21YpziGu1a
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Volume = # of contracts traded on a particular day Open interest = # of contracts that have been opened but not closed OI is a signal of future volume - if a lot of positions are open, those positions have to be closed at some point which means future volume.
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