CME: $16.81 Billion in BTC Committed as Open Interest Retreats
Main Idea
Bitcoin's open interest has declined by 1.32% in the last 24 hours, with $16.81 billion worth of BTC committed on CME, signaling weakened market optimism.
Key Points
1. Bitcoin's open interest decreased by 1.32% over the last day, indicating reduced market optimism.
2. Total BTC committed in active contracts across exchanges is 703,420 BTC, valued at approximately $82.82 billion as of July 30.
3. Out of the total, only 142,930 BTC (worth $16.81 billion) are on CME.
4. The decline in open interest aligns with Bitcoin's price retreat from recent highs.
Description
Bitcoin has seen its open interest decline by 1.32% over the last 24 hours
$BTC
$115627.0
-1.94%
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