Keep in mind the volume of nearly 11,000 BTC on this futures doesn't represent the "wager" per se, just the volume.
Makes a lot of sense to rotate bids and capital if you want to catch market. Just saying.
Source: I'm old, in life and Crypto.
1 crypto year = 15 life years
Oh, I also think it is important to note that these futures are for all the way in December
Haha, yeah right! It's crazy how fast things are moving around here. I always feel like I spent months in cryogeny each time I'm coming back from holidays and catching up with crypto.