Bitcoin

Spot

<h2 id="quick-take">Quick Take</h2> 
<p>Recent data from Coinglass shows CME’s percentage of open interest in Bitcoin futures has exceeded 26%, which equates to 119k Bitcoin in open interest contracts out of a total of 450k BTC. This highlights a significant investor interest in Bitcoin futures on the CME exchange.</p> 
<figure id="attachment_376774" aria-describedby="caption-attachment-376774" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-376774 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/11/CME1.png" alt="CME BTC Futures Open Interest: (Source: Coinglass)" width="1120" height="381" srcset="https://cryptoslate.com/wp-content/uploads/2023/11/CME1.png 1120w, https://cryptoslate.com/wp-content/uploads/2023/11/CME1-300x102.png 300w, https://cryptoslate.com/wp-content/uploads/2023/11/CME1-1024x348.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/11/CME1-768x261.png 768w" sizes="(max-width: 1120px) 100vw, 1120px">
 <figcaption id="caption-attachment-376774" class="wp-caption-text">
  CME BTC Futures Open Interest: (Source: Coinglass)
 </figcaption>
</figure> 
<p>On Nov. 24, the BTC CME futures price reached a high of $39,340, closing at $37,895. In contrast, the Bitcoin spot price peaked at $38,400. This discrepancy, as high as $1,120, is noteworthy as it has occurred only three times this year, notably on Aug. 17 and Feb. 16.</p> 
<figure id="attachment_376772" aria-describedby="caption-attachment-376772" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-376772 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/11/cme-1.png" alt="BTC Spot Price vs Futures: (Source: Trading View)" width="1410" height="883" srcset="https://cryptoslate.com/wp-content/uploads/2023/11/cme-1.png 1410w, https://cryptoslate.com/wp-content/uploads/2023/11/cme-1-300x188.png 300w, https://cryptoslate.com/wp-content/uploads/2023/11/cme-1-1024x641.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/11/cme-1-768x481.png 768w" sizes="(max-width: 1410px) 100vw, 1410px">
 <figcaption id="caption-attachment-376772" class="wp-caption-text">
  BTC Spot Price vs Futures: (Source: Trading View)
 </figcaption>
</figure> 
<p>Interestingly, there has also been an instance when the spot price surpassed futures. On Oct. 23, the difference amounted to $1,580. This irregularity underscores the necessity of monitoring the CME futures price for comprehensive market analysis.</p> 
<p>The post <a href="https://cryptoslate.com/insights/bitcoin-futures-vs-spot-price-monitoring-cme-for-market-insights/">Bitcoin futures vs. spot price: Monitoring CME for market insights</a> appeared first on <a href="https://cryptoslate.com">CryptoSlate</a>.</p>

Bitcoin futures vs. spot price: Monitoring CME for market insights

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