According to Vetle Lunde, an analyst at K33 Research, the volume of open positions (OI) in Bitcoin futures on CME has exceeded 100,000 BTC for the first time.
According to him, over the past 24 hours open interest on the platform has increased by 4,380 BTC.
It is worth noting the total indicator of perpetual contracts on offshore exchanges during the same period has fallen by 26,735 BTC. As a result, CME's share of this metric has increased to a record 25%, close to Binance's 29%.
The Bitcoin options market has experienced a similar situation, as open interest in the Deribit platform, which has reached $12.4 billion, has approached its highest levels in history.
The platform's CEO, Luuk Strijers, believes the notable increase in activity is due to expectations of approval of a spot Bitcoin ETF.