CME exchange sees 84,000 BTC or $2B allocated in futures contracts in last 24 hours James Van Straten · 17 mins ago
On Jan. 24, we saw the highest amount of futures contracts since FTX collapse and November 2021 price peak.
Definition
Future’s open interest is the total amount of funds (USD Value) allocated in open futures contracts.
Quick Take
- As CryptoSlate has discussed in previous insights, futures open interest has declined since the collapse of FTX.
- However, the exchange CME has seen a whopping increase of over 84k BTC, the equivalent of almost $2B in the past 24 hours.
- Each time this amount of BTC is allocated in futures contracts, something big price-wise has occurred. Such as the top of the 2021 bull run in November and the collapse of the exchange FTX.
Research Analyst at CryptoSlate
James is passionate about data, technology, and identifying trends. James is a freedom and technology maximalist, seeing Bitcoin as the greatest invention of the 21st century.
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