Bitcoin CME Futures Open Interest Closes in on All-Time High
The open interest for Bitcoin CME futures is nearing its all-time high. The value is 21% at the moment, with three-month CME futures at a premium of 0.6%.
erm... 21% of what?
CME’s share of the total open interest in BTC futures currently sits at 21%, near all-time highs. CME’s market dominance has only been higher on two previous occasions, during the launch of the futures-based ETFs in October 2021 and in late December 2021. [arcane]
Ah... OK, CME BTC futures still well behind Binance, at about 33% of the whole market - see live data.
Perhaps more important for the broader market is that the futures are trading at a small premium to spot, signalling some confidence that the BTC price will continue to rise from here.
Options open interest on the verge of breaking all-time high, calls for $30,000 Bitcoin
remember the last time people were shilling for 70k!