Getting Ready for Bitcoin’s Catalysts

Institutional interest in Bitcoin futures has steadily climbed. Open interest, a measure of client demand, hit an all-time high of 20,380 contracts on October 25, equivalent to 101,900 bitcoin, representing $3.5 billion in notional value. Similarly, the number of large open interest holders (LOIH) of CME Group’s Bitcoin futures grew to a record 122 on October 24 (LOIH for Cryptocurrency futures is defined by the CFTC as an entity that holds at least 25 contracts).

• SEO Powered Content & PR Distribution. Get Amplified Today.
• PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
• PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
• PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
• PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
• Source: https://www.coindesk.com/consensus-magazine/2023/11/10/getting-ready-for-bitcoins-catalysts/?utm_medium=referral&utm_source=rss&utm_campaign=headlines