CME BTC Futures Long Open Interest Rises to $5.64 Billion
Publication Time:2024-08-21 05:51:07
According to a report by Golden Finance, data from The Block shows that the open interest (OI) for long positions in CME BTC futures has seen a notable surge after hitting a low of $4.97 billion two weeks prior. Specifically, recent open interest for long positions has climbed to $5.64 billion. This figure is a decrease from the historical high of $6.74 billion set at the beginning of July but remains at a relatively high level, far surpassing the average last year. Analysts note that this recent fluctuation might reflect risk management strategies employed by asset managers to cope with market volatility or macroeconomic uncertainty, including reducing their exposure to BTC long positions.
Market Volatility
Risk Management
CME
asset management
BTC Futures
Long Open Interest
Macroeconomic Uncertainty
Level Last Year