![Bitcoin futures vs. spot price: Monitoring CME for market insights](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/11/bitcoin-1-1.jpg&w=70&h=37&q=75)
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)](https://cryptoslate.com/wp-content/uploads/2023/11/CME1.png)
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)](https://cryptoslate.com/wp-content/uploads/2023/11/cme-1.png)
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.