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Record-breaking open interest on CME shows growing market activity
Open interest on Bitcoin futures has seen a notable surge, with Binance and CME leading the way.
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Quick Take
The open interest in Bitcoin – the total value in U.S. dollars of all open futures contracts – is experiencing a noticeable uptick, indicating a rise in market activity. Currently, the open interest in Bitcoin is quite substantial, amounting to 435,000 BTC, corresponding to a market value of over $15 billion.
The CME exchange, preferred by institutional investors, has achieved a new record in open interest, with 105,380 BTC contracts open, valued at $3.68 billion. Binance has edged past this figure with open interest of approximately 113,500 BTC.
This trend points to increasing involvement in Bitcoin futures, hinting at either a positive shift in market mood or a move towards protective strategies by investors.
