CME Bitcoin Futures Open Interest Hits 218,000 BTC, Setting Stage for $100,000 BTC Price
The open interest in Bitcoin futures on the CME has surged past 218,000 BTC, indicating bullish market sentiment as Bitcoin approaches a $2 trillion market cap.
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The open interest in Bitcoin futures on the CME has surged past 218,000 BTC, indicating bullish market sentiment as Bitcoin approaches a $2 trillion market cap.
Bitcoin's price has eclipsed the $90,000 mark, with traders actively purchasing $100,000 call options in anticipation of further gains, as reported by CF Benchmarks.
With U.S. elections on the horizon, bitcoin options traders are opting for protective measures, suggesting a cautious market outlook.
As the U.S. elections approach, institutional investors are increasing their positions in Bitcoin, anticipating significant market movements.
CME bitcoin futures' open interest reached an unprecedented level, indicating strong interest from active market participants, according to K33 Research.
Cash-margined bitcoin futures are drawing significant interest, reaching unprecedented levels of open interest, primarily driven by institutional traders.
The introduction of Bitcoin Friday futures by CME Group is poised to enhance strategies for news-driven traders.
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