The return of the big wigs
According to Arcane, the CME was only 21% away from breaking its All-Time High since it went negative during the FTX collapse in November 2022.The last time the OI was this high was in October and December 2021, when the market was still filled with greens. Besides, BTC futures ETFs launched around this period. Hence, it also contributed to the hike.“While ETF flows remain stale, CME’s open interest is surging.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: