{"id":9561,"date":"2024-01-09T20:56:57","date_gmt":"2024-01-09T18:56:57","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-futures-open-interest-on-cme-reaches-record-highs\/"},"modified":"2024-01-09T20:56:57","modified_gmt":"2024-01-09T18:56:57","slug":"bitcoin-futures-open-interest-on-cme-reaches-record-highs","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-futures-open-interest-on-cme-reaches-record-highs\/","title":{"rendered":"Bitcoin Futures Open Interest on CME Reaches Record Highs"},"content":{"rendered":"

The total open interest in cash-settled bitcoin futures on the Chicago Mercantile Exchange (CME) has reached a historic high of $6.22 billion, according to Coinglass<\/a>.<\/p>\n

<\/p>\n

In comparison, the corresponding figure for Binance is $4.61 billion, and for Bybit, it is $3.48 billion.<\/p>\n

\"Coinglass-2\"
Source: Coinglass.<\/figcaption><\/figure>\n

The previous peak in open interest (OI) on CME was recorded in November 2021 at $4.5 billion, when the price of bitcoin surpassed $68,000.<\/p>\n

\"average-daily-volume-of-cme-bitcoin-futures-monthly\"
Source: Coinglass, The Block<\/a>.<\/figcaption><\/figure>\n

In the past 24 hours, the OI on the regulated exchange increased by 12%. This surge indicates a growing number of institutional traders. The Block suggests these traders are optimistic about the SEC’s decision regarding spot bitcoin ETFs.\u00a0<\/p>\n

Notably, there is a rise in long positions among asset managers, with this metric also reaching a record high of $2.52 billion.<\/p>\n

\"AM-1\"
Source: CFTC, The Block<\/a>.<\/figcaption><\/figure>\n

Conversely, the OI for hedge funds holding short positions in bitcoin futures on CME remains high. The current figure stands at $2.7 billion, slightly below the November 2021 level of $2.9 billion.<\/p>\n

\"short\"
Source: CFTC, The Block<\/a>.<\/figcaption><\/figure>\n

The net long position of asset managers is $2.5 billion, while the net short position of hedge funds is $2.1 billion.\u00a0<\/p>\n

Earlier in the autumn, CME overtook Binance to become the largest platform by OI.<\/p>\n","protected":false},"excerpt":{"rendered":"

The total open interest in cash-settled bitcoin futures on the Chicago Mercantile Exchange (CME) has reached a historic high of $6.22 billion, according to Coinglass.<\/p>\n","protected":false},"author":1,"featured_media":9560,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[383,1168],"class_list":["post-9561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cme-group","tag-crypto-derivatives"],"aioseo_notices":[],"amp_enabled":true,"views":"34","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/9561","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=9561"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/9561\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/9560"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=9561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=9561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=9561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}