​​Indicators of open interest in Binance and CME futures have | NFT / BTC / DEFI News 📣

​​Indicators of open interest in Binance and CME futures have updated historical highs

Against the background of the return of the bitcoin price to levels above $60,000, open interest (OI) indicators on Binance and CME exchanges reached record levels.

On October 17, the OI on Binance exceeded $5.5 billion.

The corresponding figure on the regulated CME platform reached $3.66 billion.

Over the past few months, the OI of institutional players of the Commercial category has been growing significantly on the Chicago Mercantile Exchange. They have longs over shorts.

The revival among institutionals trading bitcoin microfutures is especially noticeable. However, they are dominated by short positions.

Shorts and longs traditionally prevail among large non-Commercial and small investors (Nonreportable) players, respectively.

Recall that on October 15, the U.S. Securities and Exchange Commission (SEC) “silently” approved the launch of the futures bitcoin-ETF from ProShares. Trading in new instruments is expected to start today, October 19.