{"id":26561,"date":"2020-07-28T16:58:14","date_gmt":"2020-07-28T13:58:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=26561"},"modified":"2025-08-26T15:05:36","modified_gmt":"2025-08-26T12:05:36","slug":"cme-bitcoin-futures-open-interest-hits-724-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cme-bitcoin-futures-open-interest-hits-724-million\/","title":{"rendered":"CME Bitcoin futures open interest hits $724 million"},"content":{"rendered":"<p>Against the backdrop of the bitcoin rally, open interest in CME futures on the regulated exchange reached $724 million.<!--more--><\/p>\n<p>According to data from analytics service <a href=\"https:\/\/analytics.skew.com\/dashboard\/bitcoin-futures\" target=\"_blank\" rel=\"noopener noreferrer\">skew<\/a>, the jump in the indicator came amid a significant rise in trading volumes:<\/p>\n<div id=\"attachment_105752\" style=\"width: 1210px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-105752\" class=\"wp-image-105752 size-full\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/skew_cme_bitcoin_futures__total_open_interest__volumes_-1.png\" alt=\"Open interest in CME bitcoin futures reaches $724 million\" width=\"1200\" height=\"670\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/skew_cme_bitcoin_futures__total_open_interest__volumes_-1.png 1200w, https:\/\/forklog.com\/wp-content\/uploads\/skew_cme_bitcoin_futures__total_open_interest__volumes_-1-300x168.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/skew_cme_bitcoin_futures__total_open_interest__volumes_-1-1024x572.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/skew_cme_bitcoin_futures__total_open_interest__volumes_-1-768x429.png 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p id=\"caption-attachment-105752\" class=\"wp-caption-text\">Trading volume in CME futures exceeded $1.3 billion. Previously, the indicator\u2019s average hovered just under $300 million.<\/p>\n<\/div>\n<p>According to Arcane Research, the previous open interest (OI) peak on CME was recorded in May this year at $532 million.<\/p>\n<p>Total OI on popular derivatives exchanges surpassed $5 billion, reaching the February highs.<\/p>\n<div id=\"attachment_105750\" style=\"width: 1018px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-105750\" class=\"wp-image-105750 size-full\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-299.png\" alt=\"Open interest in CME bitcoin futures reaches $724 million\" width=\"1008\" height=\"557\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/2-299.png 1008w, https:\/\/forklog.com\/wp-content\/uploads\/2-299-300x166.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/2-299-768x424.png 768w\" sizes=\"auto, (max-width: 1008px) 100vw, 1008px\" \/><\/p>\n<p id=\"caption-attachment-105750\" class=\"wp-caption-text\">Sources: Arcane Research, skew.<\/p>\n<\/div>\n<p>OI on the BitMEX exchange exceeded $1 billion, briefly pushing the exchange back into a leadership position. At the time of writing, the largest bitcoin-futures trading volume was on Huobi, while OKEx led in open interest.<\/p>\n<blockquote>\n<p>\u201cA sharp rise in open interest or the value of open positions in derivative contracts indicates that more money is flowing into the market, and traders expect Bitcoin volatility to rise in the near term,\u201d explained The Block\u2019s analysts.<\/p>\n<\/blockquote>\n<p>The aggregate trading volume on the major futures exchanges nearly reached the all-time high set in early March this year.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Yesterday was second highest volume day in #bitcoin futures (short) history <a href=\"https:\/\/t.co\/7gQfrCiRwS\">pic.twitter.com\/7gQfrCiRwS<\/a><\/p>\n<p>\u2014 skew (@skewdotcom) <a href=\"https:\/\/twitter.com\/skewdotcom\/status\/1288018028886740993?ref_src=twsrc%5Etfw\">July 28, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Against the backdrop of a marked uptick in spot and derivatives activity, the cryptocurrency \u201cFear and Greed Index\u201d points to market overheating:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-105751 aligncenter\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/3-168.png\" alt=\"Open interest in CME bitcoin futures reaches $724 million\" width=\"767\" height=\"339\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/3-168.png 767w, https:\/\/forklog.com\/wp-content\/uploads\/3-168-300x133.png 300w\" sizes=\"auto, (max-width: 767px) 100vw, 767px\" \/><\/p>\n<p>According to Arcane Research, the index last stood at such a high level in July 2019.<\/p>\n<p>Earlier, ForkLog reported that <a href=\"https:\/\/forklog.com\/en\/news\/report-miners-slow-to-sell-bitcoin-during-rally\">miners were not rushing to sell bitcoins<\/a>, despite the price rally.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog FEED<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Against the backdrop of the bitcoin rally, open interest in CME futures on the regulated exchange reached $724 million.<\/p>\n","protected":false},"author":1,"featured_media":26562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[383,1168,1384,1145],"class_list":["post-26561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cme-group","tag-crypto-derivatives","tag-fear-index","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=26561"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26561\/revisions"}],"predecessor-version":[{"id":26563,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26561\/revisions\/26563"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26562"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=26561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=26561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=26561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}