June 16, 2024

The amount of open long positions on bitcoin on CME doubled in October

In October, traders doubled the amount of open long positions in Bitcoin futures from 500 BTC to more than 1,000 BTC onChicago Mercantile Exchange (CME).


In September, this figure reached 1300 BTC, but after launch Bakkt began to fall.

Earlier, CME reported a significant increase in the third quarter of the interest of large players in bitcoin futures. The number of open contracts exceeded the figure for the same period last year by 61%.

Recall Grayscale Investments byThe results of the third quarter stated that 84% of the influx of new investments in its cryptocurrencies was made up of institutional funds, mainly hedge funds.