CME BTC futures long open interest rises to $5.64 billion

According to Mars Finance, data from The Block shows that the long open interest (OI) of CME BTC futures reached $4.97 billion two weeks ago, which is the lowest point of the indicator since early March. It is a sharp drop from the historical high of $6.74 billion in the first week of July, but it has rebounded recently, and OI increased to $5.64 billion last week. Analysts pointed out that the recent decline shows that asset managers have been reducing their long exposure to BTC, which may be in response to recent market volatility or as part of a risk management strategy during periods of macroeconomic uncertainty. It is also worth noting that despite the recent decline in OI, the current OI is still much higher than last year.