CME exchange sees 84,000 BTC or $2B allocated in futures contracts in last 24 hours

Definition Future’s open interest is the total amount of funds (USD Value) allocated in open futures contracts. Quick Take As CryptoSlate has discussed in previous insights, futures open interest has declined since the collapse of FTX. However, the exchange CME has seen a whopping increase of over 84k BTC, the equivalent of almost $2B in […]

Don't got time to read? Listen it & multi task

Definition

Future’s open interest is the total amount of funds (USD Value) allocated in open futures contracts.

Quick Take

  • As CryptoSlate has discussed in previous insights, futures open interest has declined since the collapse of FTX.
  • However, the exchange CME has seen a whopping increase of over 84k BTC, the equivalent of almost $2B in the past 24 hours.
  • Each time this amount of BTC is allocated in futures contracts, something big price-wise has occurred. Such as the top of the 2021 bull run in November and the collapse of the exchange FTX.
Futures Open Interest - CME: (Source: Glassnode)
Futures Open Interest – CME: (Source: Glassnode)
Futures Open Interest: (Source: Glassnode)
Futures Open Interest: (Source: Glassnode)

The post CME exchange sees 84,000 BTC or $2B allocated in futures contracts in last 24 hours appeared first on CryptoSlate.

Latest articles by Glenn Nasta

hyrotrade
HyroTrade Cryptocurrency Trading Platform Review and Experience
Voltreum
Voltreum Announces a P2P Blockchain-Based Strategy to Trade Energy
hyrotrade review, trading offers thumbnail
Margin Trading, Copy Trading, Competitions: What Else Does Hyrotrade Offer?
Voltreum
Voltreum – A New Way to Share Energy Through Blockchain Technology
Translate »