CME Bitcoin Open Interest Spikes To An All Time High Of $5.4billion

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Information from analytics provider Glassnode says that open interest on the CME has surged to an all-time high of $5.44 billion. Notably, Open interest, or OI is a measurement of the total number of outstanding derivative contracts, futures in this case, that’s yet to be settled. Also, Glassnode goes on to note that OI has increased by nearly $4 billion in October, representing 265% growth since the end of September.

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