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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