Trusted

Bitcoin Bulls Gain Steam as CME Futures Open Interest Crosses $1B

2 mins
Updated by Ryan Smith
Join our Trading Community on Telegram

In Brief

  • Open Interest Bitcoin futures contracts on the Chicago Mercantile Exchange have exceeded a total value of $1 billion.
  • This marks a new all-time high and underlines the rapidly growing popularity of open interest in bitcoin futures whose trading volumes have doubled in just 6 months.
  • The rise comes as bitcoin's Fear & Greed Index continues to push into extreme territory, hitting 90% on Nov 18.
  • promo

🎄Best crypto platforms in Europe | December 2024
eToro eToro Explore
Coinrule Coinrule Explore
Uphold Uphold Explore
Coinbase Coinbase Explore
3Commas 3Commas Explore
🎄Best crypto platforms in Europe | December 2024
eToro eToro Explore
Coinrule Coinrule Explore
Uphold Uphold Explore
Coinbase Coinbase Explore
3Commas 3Commas Explore
🎄Best crypto platforms in Europe | December 2024

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

David_userpic_basic.jpg
David Hundeyin
David is a journalist, writer and broadcaster whose work has appeared on CNN, The Africa Report, The New Yorker Magazine and The Washington Post. His work as a satirist on 'The Other News,' Nigeria's answer to The Daily Show has featured in the New Yorker Magazine and in the Netflix documentary 'Larry Charles' Dangerous World of Comedy.' In 2018, he was nominated by the US State Department for the 2019 Edward Murrow program for journalists under the International Visitors Leadership...
READ FULL BIO
Sponsored
Sponsored