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.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Bitcoin (BTC) на Currencies.ru

$ 68973.02 (-0.66%)
Объем 24H $86.822b
Изменеия 24h: 2.91 %, 7d: -16.29 %
Cегодня L: $67712.32 - H: $71429.59
Капитализация $1378.471b Rank 1
Цена в час новости $ 36806.33 (87.39%)

bitcoin interest cme futures open exceeded 450k

bitcoin interest → Результатов: 126