Quick Take Glassnode data reveals that Bitcoin futures open interest on CME is currently around 135,000 BTC, reflecting a significant decline of approximately 40,000 BTC from its all-time high in March, which coincided with Bitcoin’s price peak. Notably, June 28 witnessed the largest single-day drop in open interest on the CME, with a decrease of […]
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Bitcoin basis trade unwind reflected in shifting futures market and lack of inflows