CME Bitcoin Futures Daily Trading Volume Hits 2020 Low – That’s a Bullish Sign
Daily trading volume in bitcoin (BTC) futures listed on the Chicago Mercantile Exchange (CME) dropped to year-to-date lows on Friday.
Bitcoin has seen double-digit gains in price since the halving. Institutional investors doing more trading in crypto options on CME is a sign of continued interest.
Bitcoin is quickly gathering upward momentum alongside a surge in open positions on CME futures.
Investor interest in bitcoin options listed on the Chicago Mercantile Exchange peaked to record highs in the days after Monday's halving event.
Renaissance Technologies’ market-crushing Medallion fund is considering jumping into bitcoin futures, recent regulatory filings show.
A nominee for a CME director position argued for tokenizing certain shares and building renewable energy sources which could also mine crypto.