<p><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMDgvMzU4ODVjMTAtNTE0Ni00YmZlLWIyN2EtZmNjZWVkYjAxMmU4LmpwZw==.jpg"></p><p>Total open interest on Bitcoin futures hit $29 billion on Aug. 16 despite a decline in Bitcoin’s price. </p>