Bitcoin unpositioned squaring contract hits record high
2025-05-20 22:27:10
The total volume of unpositioned squaring contracts in bitcoin futures rose to a record $72 billion on May 20, up 8 per cent from $66.60 billion a week earlier. "Institutional demand remains the main driver of this leverage", with the Chicago Mercantile Exchange leading with $16.90 billion, followed by Binance with $12 billion. CoinGlass estimates that the largest liquidations of short positions are concentrated at $107,000 to $108,000, for a total of about $1.20 billion.
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