CME's record open interest points to growing market activity

Bitcoin’s open interest (the total USD value of all open futures contracts) is rising significantly, indicating increased market activity. Bitcoin’s open interest currently stands at a sizeable 435,000 BTC, equivalent to a market capitalization of over $15 billion.

CME Group’s open interest, favored by institutional investors, hit a new record with 105,380 open BTC contracts worth $3.68 billion. Binance has surpassed this number, with open interest at approximately 113,500 BTC.

This trend shows increasing participation in Bitcoin futures, suggesting a positive shift in market sentiment or a shift by investors towards protective strategies.

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