K33 Research: CME Bitcoin futures open interest hits a historical high, indicating further bullishness
Vetle Lunde, a senior researcher at K33 Research, stated that the CME Bitcoin futures open interest hit a nominal all-time high yesterday, reaching 172,430 BTC. With the significant increase in open interest contracts, futures premiums have climbed to a five-month high.
The researcher believes that the growth in open interest volume is driven by active/direct market participants rather than fund inflows based on futures ETFs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
On-chain detective: THORSwap offers a bounty of over $1 million for the THORChain founder wallet vulnerability
Bitcoin treasury company Smarter Web Company seeks inclusion in FTSE 100 and explores potential acquisition deals
Analysis: Bitcoin "sharks" have started buying the dip, accumulating over 65,000 BTC in the past 7 days
The intraday gain of USD/JPY has expanded to 0.5%, now quoted at 147.95.
Trending news
MoreCrypto prices
More
