Bitcoin Futures Interest hits record high – Here’s Why

Quick Summary:

Will the lucrative BTC basis trade drive more institutional interest into the market?

That said, the overall BTC Open Interest (OI) rate surged to an ATH of $43 billion, dominated by CME futures at $12.69 billion.

This happened as BTC crossed $70K, shown by the Futures Annualized Rolling Basis metric.

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Article Details

Author / Journalist: Benjamin Njiri

Category: Crypto

Markets: United States

Topics: Trading View Ambcrypto Bitcoin Social News BTC Trading View News 1

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 05:00:11 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 491 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 23360998

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 22 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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Publisher ID: #103

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