48 billion bitcoin futures, unsettled contracts like gunpowder

The total value of open contracts in the futures market currently stands at $48 billion and a round-the-clock turnover of $25 billion, indicating the risk of insufficient market liquidity. The analysis noted that the gap between unsettled contracts and trade volumes was not as large as it had been since last September and that markets could face liquidity traps and sharp price fluctuations. Glassnode, a block chain analysis company, stated that the current overall stock of investors was large and that an unexpected event could trigger a forced stowage, leading to sharp price fluctuations. The market is currently relatively calm, with a trade price of approximately $63,500 in bitcoin, up 1 per cent from the midnight UTC。