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Open Interest In CME's Bitcoin Futures Reaches Record High Of $400M
Summary: Open interest in CME Group's bitcoin futures has reached an all-time high of $400 million, hinting at an increased money flow in the market and that traders are preparing for a near-term rise in volatility. The $400 million figure has surpassed the previous record high for open interest of around $338 million, which was reached ...
Open interest in CME Group's bitcoin futures has reached an all-time high of $400 million, hinting at an increased money flow in the market and that traders are preparing for a near-term rise in volatility.
The $400 million figure has surpassed the previous record high for open interest of around $338 million, which was reached back in February. Open interest is the value of outstanding derivative contracts that are yet to be settled.
By Roland James
Tags: Bitcoin Futures,CME Group,Open Interest,Volatility
Link: Open Interest In CME's Bitcoin Futures Reaches Record High Of $400M [Copy]
