CME Bitcoin futures open interest hits 8-month high, greater than when BTC price was at $65K
Cointelegraph
Published Oct 14, 2021 12:27PM ET
Updated Oct 15, 2021 02:00PM ET
Open interest (OI) for Bitcoin (BTC) Futures trading on the Chicago Mercantile Exchange (CME) inched toward a new record high on Oct. 14 as BTC reclaimed its five-month high of $58,550 on BitStamp.
The total number of outstanding derivatives contracts on the CME Group's (NASDAQ:CME) Bitcoin Futures market reached $3.22 billion, just $40 million below its record high logged in Feb 2021, according to data provided by ByBt.com. Nonetheless, the OI came out to be higher than it was at the Bitcoin price's peak in mid-April.
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Written By: Cointelegraph
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