CME Bitcoin futures break $100,000 twice within a week as market watches for spot price follow-through

TechFlow news, on November 30, according to Cointelegraph, Chicago Mercantile Exchange (CME) Bitcoin futures once again surpassed the $100,000 mark on November 29, reaching $100,200—marking the second time in seven days that this milestone has been breached.

Data shows that open interest in CME Bitcoin futures exceeded 40,000 contracts, with trading volume hitting $12.3 billion ahead of the Thanksgiving holiday. Spot Bitcoin prices peaked at $98,600 before pulling back, and the price spread between Coinbase and Binance briefly widened to over $200.

Market data indicates significant sell-side pressure around the $100,000 level. According to CoinGlass, this rally has already triggered approximately $55 million in forced liquidations of short positions. To break through the psychological $100,000 resistance, bulls will need to push prices above $99,000 to spark a fresh wave of liquidations.