Key Takeaways
- • Bitcoin traded near $77,900 at 6:37 a.m. ET (11:37 UTC) on Monday, Nov. 2, as crypto futures volume rose 56% over 24 hours to $111.8 billion.
- • Crypto futures open interest held near $137.1 billion, indicating heavier trading without a comparable build-up in outstanding positions.
- • Liquidations climbed 77% to $140.2 million over the same 24-hour window.
- • U.S. spot Bitcoin ETFs recorded $643 million in net outflows on Friday, their largest single-day total since June, ending four consecutive days of net inflows.
- • On Deribit, the three BTC options with the highest trading volumes over the period were all puts.
Summary
Bitcoin (BTC) traded near $77,900 early Monday as activity in crypto futures markets picked up sharply. At 6:37 a.m. ET (11:37 UTC) on Monday, Nov. 2, crypto futures volume was up 56% over the prior 24 hours, reaching $111.8 billion, according to TokenPost. Open interest, which tracks positions that remain outstanding, held near $137.1 billion and barely shifted, meaning the increase was driven largely by turnover rather than new positioning.
Liquidations rose 77% to $140.2 million over the same window. Bitcoin and Ether (ETH) futures open interest showed little movement during the period. Options activity on Deribit tilted defensively, with the three most heavily traded BTC options over the period all being puts.
The futures activity came after a notable reversal in U.S. spot Bitcoin ETF flows. Spot Bitcoin ETFs recorded $643 million in net outflows on Friday, their largest single-day total since June, following four consecutive days of net inflows.
Taken together, the data points to heavier short-term trading and hedging without a corresponding expansion in leveraged exposure, a pattern institutional desks typically monitor when assessing whether price moves are being driven by new capital or by position turnover.
Liquidations rose 77% to $140.2 million over the same window. Bitcoin and Ether (ETH) futures open interest showed little movement during the period. Options activity on Deribit tilted defensively, with the three most heavily traded BTC options over the period all being puts.
The futures activity came after a notable reversal in U.S. spot Bitcoin ETF flows. Spot Bitcoin ETFs recorded $643 million in net outflows on Friday, their largest single-day total since June, following four consecutive days of net inflows.
Taken together, the data points to heavier short-term trading and hedging without a corresponding expansion in leveraged exposure, a pattern institutional desks typically monitor when assessing whether price moves are being driven by new capital or by position turnover.
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