CME Bitcoin futures open interest hits record high as institutional participation grows
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Odaily Planet Daily Report shows that data indicates that as of October 18, the open interest of CME Bitcoin futures contracts exceeded $12.26 billion, setting a new record high, up more than 36% in the past two weeks, and over 3.5% higher than the previous record high in April. The surge in open interest in recent weeks has risen significantly from the summer level. This upward trend indicates that institutional participants are taking a stronger position to bet on the continued volatility or price increase of Bitcoin. (The Block)
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