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CME Bitcoin futures open interest hits 8-month high, greater than when BTC price was at $65K By Cointelegraph

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© Reuters.

OI for open interestBTC) Futures trading on the Chicago Mercantile Exchange (CME) We are moving closer to breaking a recordOn Oct. 14, Bitcoin regained its 5-month peak of $58,550 via BitStamp.

According to ByBt.com, there were $3.22 trillion worth of unfinished derivatives contracts in the CME Group (NASDAQ) Bitcoin Futures markets. That’s just $40 million lower than the record set by ByBt.com in February 2021. However, it turned out that the OI was higher than at mid-April’s Bitcoin price peak.

open interest. Source: ByBt.com
Bitcoin futures — volume and open interest. Source: CME
Futures exposure changes. Source: CFTC, Forbes
Bitcoin Futures premium against spot prices. Skew