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TechFlow news, October 16 — Vetle Lunde, Senior Researcher at K33 Research, said that CME Bitcoin futures open interest hit a record nominal high yesterday at 172,430 BTC. With the significant rise in open interest, futures premiums have climbed to a five-month high.
Vetle believes the growth in open interest is driven by active/direct market participants, rather than inflows from futures-based ETFs.
K33 Research senior analyst Vetle Lunde said the CME Bitcoin futures open interest hit a nominal record high yesterday at 172,430 BTC. With the significant rise in open interest, the futures premium has climbed to a five-month high. Vetle believes the growth in open interest is driven by active/direct market participants rather than fund inflows into futures-based ETFs.
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