CME’s Open Interest Soars as Bitcoin Sustains Above $65K!

The post CME’s Open Interest Soars as Bitcoin Sustains Above $65K! appeared first on Coinpedia Fintech News

CME’s open interest (OI) has surged since Bitcoin bottomed on May 1, coinciding with Bitcoin’s recent reclaiming of the $65,000 level. This indicates increased institutional participation. Meanwhile, Binance’s OI has declined, reflecting a shift from retail to institutional dominance in the futures market. This trend suggests a reduction in Bitcoin’s volatility due to CME’s cash-margin system. It highlights the growing influence of institutions in the crypto market, potentially leading to a more stable trading environment.