CME takes 37% of Bitcoin Open Interest volume.
Bitcoin is yet to embark on a strong bull run in the wake of spot ETF approval.
As the approval for the spot Bitcoin ETF was gaining traction, so was its Open Interest, with CME recently taking the lead. What is the percentage of CME’s dominance, and what implications does this rising Open Interest have for BTC?
CME dominates Bitcoin Open Interest
As per a recent update from Glassnode, CME has surpassed all other exchanges in Bitcoin Open Interest volume. The post revealed that CME’s Open Interest reached a record-high dominance of 36%.
According to Coinglass data, at the time of writing, the BTC Open Interest on CME stood at nearly $6.4 billion. Binance and Bybit secured the second and third positions with over $4.2 billion and $3.3 billion, respectively.
Additionally, at the time of this update, only three other exchanges had Open Interests exceeding $1 billion.
A look at the Bitcoin Open Interest trend
A recent examination of Bitc
We współpracy z: https://ambcrypto.com/bitcoin-assessing-the-btc-open-interest-trend-amid-etf-buzz/
