CME Bitcoin Futures Open Interest Reaches 384,000 BTC

Odaily Odaily reported that the open interest of Bitcoin cash margin futures currently reaches about 384,000 BTC (about US$25.5 billion). This record surpassed the high point when Bitcoin approached US$16,000 in November 2022, mainly driven by institutional investment activities of CME (Chicago Mercantile Exchange). CME futures account for 40% of cash margin open contracts. In contrast, the proportion of open contracts for futures based on cryptocurrency margin has fallen to a historical low, accounting for only 18.5% of total open contracts. This shows that the market is gradually shifting to more stable cash margin futures, reducing volatility risks. (Coindesk)