CME Bitcoin Interest Hits Yearly High
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May 5, 2020

Open Interest in CME bitcoin (EXANTE: Bitcoin) futures hits yearly high of $339 million as big players are coming back to the market.

According to Arcane Research, this is the highest level seen since the price peak in 2019.

The rise comes right after the 50% drop in March when the daily trading volume of bitcoin futures on CME plummeted by more than 50% from $493 million in February to $242 million in March.

Bloomberg: Bitcoin is Maturing Toward Digital Gold

Earlier iHodl reported that according to Pantera Capital CEO bitcoin price can peak at the $115 212 mark if history repeats itself.

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