Trump win fuels bitcoin derivatives boom as futures open interest surges over $60 billion

Bitcoin futures open interest has surged since Donald Trump’s election win.
Bitfinex analysts observe this as “organic growth,” dismissing fears of a correction despite increased leverage.

Since Donald Trump’s U.S. presidential election victory on Nov. 5, bitcoin futures open interest has risen sharply, signaling increased trading activity and market speculation. Despite the surge, analysts from Bitfinex maintain that leveraged trades are not at risk of an imminent market correction.

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 futures open interest jumped from $39 billion on Nov. 5 to currently stand at $60.9 billion, according to data from Coinglass. This represents a substantial increase in the value of positions tied to bitcoin derivatives contracts, many of which involve leverage.