✅Some important information about CME Bitcoin Futures
🔹Currently Open Interest (OI) - Bitcoin Future open positions on CME are reaching the highest level ever at $5.14B (higher than Binance and ranked top 1 in Bitcoin Futures OI).
🔹The price of $BTC on CME is trading at $44,350, higher than the current Bitcoin price on#Binanceof $43,800. This difference reflects the interest and belief that Bitcoin will increase in price in the future among American investors, especially large financial institutions. Why do we know that it is the participation of a large financial institution?
🔹Check picture 2 and you will see the reason, of all open "Bitcoin long" orders, up to $2.17B is held by asset managers. It can be seen that US institutions are increasing their involvement with Bitcoin and are betting Spot Bitcoin ETF is approved next January.
🔍CME is one of the world's largest futures and commodities exchanges, often attracting large financial institutions, investment funds and professional investors. The interest and actions of US institutions and investors can be seen as representative of the overall trend of global financial markets.
