CME Bitcoin futures spike to unprecedented 23% amid overall market de-leveraging

exchange68September 12, 2024

0 2 2 minutes read

The cryptocurrency futures market is witnessing a significant shift. Data indicates a trend in Bitcoin futures, particularly on the Chicago Mercantile Exchange (CME), where open interest has spiked to an unprecedented 23% – the highest ever recorded for the exchange. What could be driving this shift in institutional preference or strategy? However, another metric is showing an intriguing change… Open interest as a percentage of the Bitcoin market capitalization has dipped below a consistent threshold, hinting at a healthier and less leveraged market… But what does this mean for the future of Bitcoin investments?

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