TechFlow news, on October 16, according to Vetle Lunde, Senior Analyst at K33 Research, the open interest (OI) of Bitcoin futures on the Chicago Mercantile Exchange (CME) reached a record high of 172,430 Bitcoins yesterday, marking a new all-time high. Current institutional preferences indicate increasing long positions. With the surge in open interest, futures premium has also climbed to a five-month high.
Lunde noted that this growth is primarily driven by active market participants rather than capital inflows into futures-based ETFs. Over the past three days, open interest increased by 19,120 Bitcoins—the largest three-day rise since June 2023—with market activity concentrated in contracts expiring in November.
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