K33 Research: CME Bitcoin futures open interest hits a historical high, indicating further bullishness
Vetle Lunde, a senior researcher at K33 Research, stated that the CME Bitcoin futures open interest hit a nominal all-time high yesterday, reaching 172,430 BTC. With the significant increase in open interest contracts, futures premiums have climbed to a five-month high.
The researcher believes that the growth in open interest volume is driven by active/direct market participants rather than fund inflows based on futures ETFs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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