CME exchange sees 84,000 BTC or $2B allocated in futures contracts in last 24 hours

Definition

Future’s unfastened involvement is the full magnitude of funds (USD Value) allocated successful unfastened futures contracts.

Quick Take

• As Cryptoslate has discussed successful erstwhile insights, futures unfastened involvement has declined since the illness of FTX.
• However, the speech CME has seen a whopping summation of implicit 84k BTC, the equivalent of astir $2B successful the past 24 hours.
• Each clip this magnitude of BTC is allocated successful futures contracts, thing large price-wise has occurred. Such arsenic the apical of the 2021 bull tally successful November and the illness of the speech FTX.

Futures Open Interest – CME: (Source: Glassnode)

Futures Open Interest: (Source: Glassnode)

The station CME speech sees 84,000 BTC oregon $2B allocated successful futures contracts successful past 24 hours appeared archetypal connected CryptoSlate.