CME Bitcoin futures broke through $100,000 twice in a week, and the market is paying attention to the spot price following the trend

On November 30, according to Cointelegraph, the Chicago Mercantile Exchange (CME) Bitcoin futures once again broke through the $100,000 mark on November 29, reaching $100,200, which is the second time it has crossed this milestone in seven days. Data shows that the number of open CME Bitcoin futures contracts exceeds 40,000, and the trading volume reached $12.3 billion before the Thanksgiving holiday. The spot price of Bitcoin reached a high of $98,600 before falling back, and the price difference between Coinbase and Binance once exceeded $200. Market data shows that there is significant selling pressure around the $100,000 level. According to CoinGlass data, this round of rise has triggered about $55 million in forced liquidation of short positions, and the bulls need to push the price above $99,000 to trigger a new round of liquidation in order to break through the $100,000 mark.