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HomeCrypto NewsAnalysisBinance 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

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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

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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.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Albert Brown
Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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