Bitcoin futures vs. spot price: Monitoring CME for market insights

Bitcoin futures vs. spot price: Monitoring CME for market insights
фото показано с : cryptoslate.com

2023-11-27 13:20

Quick Take

Recent data from Coinglass shows CME’s percentage of open interest in Bitcoin futures has exceeded 26%, which equates to 119k Bitcoin in open interest contracts out of a total of 450k BTC. This highlights a significant investor interest in Bitcoin futures on the CME exchange.

CME BTC Futures Open Interest: (Source: Coinglass)

On Nov. 24, the BTC CME futures price reached a high of $39,340, closing at $37,895. In contrast, the Bitcoin spot price peaked at $38,400. This discrepancy, as high as $1,120, is noteworthy as it has occurred only three times this year, notably on Aug. 17 and Feb. 16.

BTC Spot Price vs Futures: (Source: Trading View)

Interestingly, there has also been an instance when the spot price surpassed futures. On Oct. 23, the difference amounted to $1,580. This irregularity underscores the necessity of monitoring the CME futures price for comprehensive market analysis.

The post Bitcoin futures vs. spot price: Monitoring CME for market insights appeared first on CryptoSlate.

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bitcoin interest cme futures open exceeded 450k

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Фото:

Record Breaking Interest – Observing the Predictive Power of Bitcoin Futures Over BTC Spot Prices

Bitcoin futures providers have been seeing a lot of action during the last two weeks as cryptocurrency markets have been extremely volatile. Data shows there’s been significant open interest on both retail and institutional bitcoin derivatives exchanges and Skew research noted bitcoin options open interest was just shy of $1 billion on Monday.

2020-2-29 03:20