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Bitcoin futures open interest at CME reaches 20% of overall BTC futures OI

A further 2,715 BTC were allocated into futures open interest in the past 24 hours

James Van Straten
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James Van Straten
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Quick Take

  • Cryptoslate reported on Jan. 24 that the CME exchange saw 84,000 Bitcoin, or $2 billion, allocated in futures contracts in the last 24 hours.
  • A further 2,715 BTC were allocated into futures open interest (OI) in the past 24 hours, now totaling 86,950 BTC.
  • The futures OI in CME accounts for 20% of the futures open interest in all exchanges, the highest since the November 2021 bull run.
  • Total futures OI is 420,000 BTC, or about $9.5 billion.

Why is CME popular?

  • CME is accessible for TradFi funds, as it's regulated and uses a central counterparty clearing houses (CCPs) clearing model
  • It's easier for institutional speculators to trade BTC as it's the same place they would trade commodity futures and, in general, relatively expensive for the average investor.
Futures OI: (Source: Glassnode)
Futures OI: (Source: Glassnode)
Futures Open Interest: (Source: Glassnode)
Futures Open Interest: (Source: Glassnode)
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James Van Straten
James Van Straten
Former Lead Analyst CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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