Bakkt: increase the volume
The trading volume of Bakkt's Bitcoin futures has increased considerably so far in November compared to September and October volumes.
The first week of launching Bakkt futures was very disappointing. The great expectation that had formed around the departure of futures was quickly frustrated by the low performance of the volume of contracts. However, it seems that little by little the volume of commercialized contracts begins to increase, injecting a share of optimism to those who believe that the entry of institutional money will be the key to the price of Bitcoin soaring upwards.
On November 5, 1061 contracts were traded for an approximate value of 10 million dollars, experiencing a 96% increase compared to November 4. At this rate, the commercialization of the contracts would reach 200 million dollars in the month of November. The data was published in the twitter account "BakktBot".
The sharp increase in the volume of Bakkt futures seems to be related to the period of high volatility that the Bitcoin price is experiencing. Despite the fact that the price of Bitcoin was always volatile, the last few weeks have experienced record increases and decreases. Many analysts and experts believe that Bakkt futures contracts would be strongly related to these fluctuations.