CME Bitcoin futures broke through $100,000 twice in a week, and the market is paying attention to the spot price following the trend

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Cointime2024/11/30 10:44

By:Cointime

On November 30th, according to Cointelegraph, the Chicago Mercantile Exchange (CME) Bitcoin futures once again broke through the $100,000 mark on November 29th, reaching $100,200. This is the second time in seven days that it has surpassed this milestone price.

Data shows that the number of open positions in CME Bitcoin futures exceeds 40,000 contracts, and the trading volume before Thanksgiving reached $12.3 billion. After the Bitcoin spot price reached a high of $98,600, it fell back, and the price difference between Coinbase and Binance once exceeded $200.

Market data shows that there is significant selling pressure near $100,000. According to CoinGlass data, this round of rise has triggered the forced liquidation of about $55 million in short positions. In order to break through the $100,000 integer mark, the bulls need to push the price above $99,000 to trigger a new round of liquidation.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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