Bitcoin Futures Open Interest on CME Approaches 2021 All-Time High

THE eventually positioning on FMC watch Bitcoin could always move upper Since It is current price, said GI Australia analyst Tony Sycamore.

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Bitcoin (BTC) eventually open interest has reached $5.2 billion on THE global derivatives giant Chicago Mercantile Exchange (CME), $200 million shy of It is late October 2021 all the time high.

Open interest In CME Bitcoin eventually has grown up Since $3.63 billion has $5.20 billion on THE last 30 days, according to has Change machine data. THE open interest overvoltage has run parallel has Bitcoin 26% earn on THE even time, with Bitcoin Currently trade has just on $44,000.

CME Bitcoin eventually open interest reached $5.2 billion on Dec. 6. Source: Money glass

From October. 1 has 21, 2021, open interest In CME Bitcoin eventually jumped Since $1.46 billion has $5.45 billion.

THE fast slight increase In open interest Also coincided with A radical price leap For Bitcoin, which grown up Since $45,000 has $66,000.

GI Australia analyst Tony Sycamore said Cointelegraph THE open interest slight increase watch A renewed interest In Bitcoin, but he doesn't explain how FMC traders are positioned.

Sycamore sharp has CME Nov. 28 report has THE Raw materials Futures contracts Trade Commission, which watch THE "big players" on It is platform were session net short has THE time, with 20,724 short positions compared with has 18,979 aspires, Sycamore explained.

Futures contracts positions on FMC had has been net short as of Nov. 28. Source: CFTC

Until CME last report come through on Tuesday, Dec. 12, Sycamore s...