The Bitcoin (BTC) price failed to blast through the $20,000 level this week, but multiple records related to volume and open interest were made on the way up to $19,484. One notable achievement was the open interest on aggregated futures contracts reaching $7.4 billion at derivatives exchanges.
As depicted above, there has been a 110% increase over the past six months, and it is also worth noting that the Chicago Mercantile Exchange now holds over $1.1 billion of these contracts. This data is indisputable evidence of the growing institutional participation in BTC markets.