Bitcoin

<h2 id="quick-take">Quick Take</h2> 
<p>The open interest in Bitcoin – the total value in U.S. dollars of all open futures contracts – is experiencing a noticeable uptick, indicating a rise in market activity. Currently, the open interest in Bitcoin is quite substantial, amounting to 435,000 BTC, corresponding to a market value of over $15 billion.</p> 
<figure id="attachment_371727" aria-describedby="caption-attachment-371727" style="width: 100%" class="wp-caption aligncenter">
 <img class="wp-image-371727 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/11/OL.png" alt="Bitcoin open Interest: (Source: Coinglass)" width="1295" height="448" srcset="https://cryptoslate.com/wp-content/uploads/2023/11/OL.png 1295w, https://cryptoslate.com/wp-content/uploads/2023/11/OL-300x104.png 300w, https://cryptoslate.com/wp-content/uploads/2023/11/OL-1024x354.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/11/OL-768x266.png 768w" sizes="(max-width: 1295px) 100vw, 1295px">
 <figcaption id="caption-attachment-371727" class="wp-caption-text">
  Total open interest on Bitcoin futures from March to November 2023 (Source: Coinglass)
 </figcaption>
</figure> 
<p>The <a href="https://cryptoslate.com/insights/binance-and-cme-are-in-a-neck-and-neck-race-for-dominance-in-bitcoin-futures/">CME exchange</a>, preferred by institutional investors, has achieved a new record in open interest, with 105,380 BTC contracts open, valued at $3.68 billion. Binance has edged past this figure with open interest of approximately 113,500 BTC.</p> 
<p>This trend points to increasing involvement in Bitcoin futures, hinting at either a positive shift in market mood or a move towards protective strategies by investors.</p> 
<figure id="attachment_371728" aria-describedby="caption-attachment-371728" style="width: 100%" class="wp-caption aligncenter">
 <img class="wp-image-371728 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/11/CME3.png" alt="Bitcoin open Interest: (Source: Coinglass)" width="1265" height="438" srcset="https://cryptoslate.com/wp-content/uploads/2023/11/CME3.png 1265w, https://cryptoslate.com/wp-content/uploads/2023/11/CME3-300x104.png 300w, https://cryptoslate.com/wp-content/uploads/2023/11/CME3-1024x355.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/11/CME3-768x266.png 768w" sizes="(max-width: 1265px) 100vw, 1265px">
 <figcaption id="caption-attachment-371728" class="wp-caption-text">
  CME Bitcoin futures open interest from February to November 2023 (Source: Coinglass)
 </figcaption>
</figure> 
<p>The post <a rel="nofollow" href="https://cryptoslate.com/insights/record-breaking-open-interest-on-cme-shows-growing-market-activity/">Record-breaking open interest on CME shows growing market activity</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

Record-breaking open interest on CME shows growing market activity

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