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Analysis: Bitcoin futures OI continues to rise, attributed to increased institutional participation

Analysis: Bitcoin futures OI continues to rise, attributed to increased institutional participation

CointimeCointime2024/05/31 02:25
By:Cointime

The Bitcoin futures open interest (OI) has recently rebounded further. As the price of Bitcoin approached $70,000 earlier this year, the OI of futures hit a historic high, indicating renewed investor interest and market participation. Currently, about $29 billion has been allocated to futures contracts, which is a significant increase from the low point at the end of 2022 and close to the high point set in March of this year. This recovery is attributed to the increased institutional participation, especially through the Chicago Mercantile Exchange (CME), which has become a key indicator of institutional interest in the market. The growth of futures OI not only highlights the recovery of investor confidence, but also suggests potential market volatility and price changes as more leverage enters the market.

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