Bitcoin open interest on the Chicago Mercantile Exchange (CME) has reached an all-time high.
corporates And asset managers Bitcoin open positions in CME options markets where it trades reaching 2 billion dollars in the last 24 hours broke the all-time record. This increase in the amount of open interest was interpreted as an indicator of higher liquidity and more market participants.
Especially spot Bitcoin exchange traded funds (ETFs) While optimism continues that it will be approved, corporate For more exposure to Bitcoin They are thought to have increased their transactions on the options markets.
Open position refers to the total number of option contracts that have not yet been exercised. It is understood that when there is an increase in open position data, investors create new contracts specific to the parity in question and add them to their existing contracts.
CME Bitcoin futures options expiry the last friday of december on December 29 will be full. According to The Block data, the transaction volume of Bitcoin futures on CME increased in December with recent increases. to 41 billion dollars reached.
Bitfinex analysts say the growing interest in Bitcoin futures options, as well as expectations for a spot Bitcoin ETF US Federal Reserve (FED) He emphasized that it is also related to interest policies. According to analysts, investors are worried about a possible disaster next year. started pricing interest rate cuts:
Investors in futures markets are increasing bets on rate cuts, predicting a drop in the benchmark interest rate as early as March and falling further over the next year.
In parallel with the recent increase in open Bitcoin option contracts new in price The peak had occurred. While open option levels in CME broke their first record on December 2, the price rose to $ 44,500 on December 6. It is thought that with the latest record, the price may embark on a journey towards new peaks.
The world’s largest cryptocurrency options exchange Deribitthe number of outstanding calls on Bitcoin options open positions has increased compared to sales, resulting in investors’ upward expectations He emphasized that it was clearly demonstrated.
At the same time, Deribit recently increased the amount of Bitcoin open positions on the platform. to an all-time high He announced that he had arrived.