Tuesday, December 7, 2021
Home Crypto News Analysis Binance And CME Futures Open Interest Rates Hit All-Time Highs

Binance And CME Futures Open Interest Rates Hit All-Time Highs

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With the price of bitcoin settling above $ 60,000, open interest (OI) indicators on the Binance and CME exchanges have reached record values.

On October 17, OI on Binance surpassed $ 5.5 billion.

binance open interest

The corresponding figure on the CME platform reached $3.66 billion.

cme open interest

The OI of institutional players in the Commercial category has been growing significantly on the Chicago Mercantile Exchange in the past few months. They are preferring longs over shorts.

longs over shorts

On the other hand,  bitcoin micro-futures institutions trading is dominated by short positions.

 

longs over shorts 2

As a reminder, on October 15, the US Securities and Exchange Commission (SEC) “tacitly” approved the launch of the Bitcoin futures ETF from ProShares. Trading is expected to start today, October 19.

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Albert Brownhttps://thecryptobasic.com/
Albert Brown is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. Holds major cryptocurrencies and has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

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