Viewpoint: The number of BTC open contracts on CME has fallen back to the level before the US election, about 150,000
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Odaily reports that crypto analyst Miles Deutsch posted on X platform that the amount of USD-denominated BTC held in CME's open interest has fallen back to pre-US election levels (around 150,000 BTC). A large portion of this may simply be due to underlying trade unwinding, but it's good to see the overall system leverage getting reset.
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