The post Bitcoin Futures Open Interest Surges 5.72% on CME, Reaching $15.06 Billion appeared on BitcoinEthereumNews.com.

On November 11, COINOTAG reported a notable surge in **Bitcoin** futures as indicated by **Coinglass** data. The **CME platform** experienced a significant rise of **5.72%** in **open interest**, now totaling **184,300 BTC**—equivalent to approximately **15.062 billion USD**. This uptick suggests increased investor engagement and confidence in the **Bitcoin** futures market. Furthermore, the aggregated open interest across all trading platforms has reached around **604,700 BTC**, representing a cumulative value of about **49.478 billion USD**. This 24-hour growth rate stands at **5.78%**, reflecting a robust sentiment in the crypto landscape. As institutional investors continue to navigate the evolving market dynamics, monitoring changes in futures open interest can provide crucial insights into potential price movements and market trends. Source: https://en.coinotag.com/breakingnews/bitcoin-futures-open-interest-surges-5-72-on-cme-reaching-15-06-billion/

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Filed under: News - @ November 11, 2024 4:19 am