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Bitcoin futures vs. spot price: Monitoring CME for market insights Bitcoin futures vs. spot price: Monitoring CME for market insights

Bitcoin futures vs. spot price: Monitoring CME for market insights

Data via CoinGlass

CME's Bitcoin futures interest surges with open interest contracts hitting 119k BTC

Quick Take

Recent data from Coinglass shows CME’s percentage of open interest in Bitcoin futures has exceeded 26%, which equates to 119k Bitcoin in open interest contracts out of a total of 450k BTC. This highlights a significant investor interest in Bitcoin futures on the CME exchange.

CME BTC Futures Open Interest: (Source: Coinglass)
CME BTC Futures Open Interest: (Source: Coinglass)

On Nov. 24, the BTC CME futures price reached a high of $39,340, closing at $37,895. In contrast, the Bitcoin spot price peaked at $38,400. This discrepancy, as high as $1,120, is noteworthy as it has occurred only three times this year, notably on Aug. 17 and Feb. 16.

BTC Spot Price vs Futures: (Source: Trading View)
BTC Spot Price vs Futures: (Source: Trading View)

Interestingly, there has also been an instance when the spot price surpassed futures. On Oct. 23, the difference amounted to $1,580. This irregularity underscores the necessity of monitoring the CME futures price for comprehensive market analysis.