Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»BLOCKCHAIN NEWS»CME Bitcoin Futures Down 10%, Still Ahead of Binance
BLOCKCHAIN NEWS

CME Bitcoin Futures Down 10%, Still Ahead of Binance

By Crypto FlexsDecember 12, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
CME Bitcoin Futures Down 10%, Still Ahead of Binance
Share
Facebook Twitter LinkedIn Pinterest Email

The Chicago Mercantile Exchange remained the preferred platform for traders for Bitcoin futures even as BTC saw a 4% price correction amid a broad market decline.

Bitcoin (BTC) futures positions on the Chicago Mercantile Exchange (CME) fell more than 10% between December 11 and December 12, according to CoinGlass. The decrease in open interest (OI) amounted to approximately 11,000 Bitcoin, which was the largest decrease among exchanges at the time.

Despite these changes, CME was the top venue for BTC futures open interest at press time, outpacing its closest competitor, Binance, by at least 10,000 BTC. CME previously promoted Binance to the primary platform for Bitcoin OI for the first time in two years in early November 2023.

Bybit, Bitget, and OKX filled the remaining three spots in the top five exchanges where investors trade standard BTC and perpetual futures.

Bitcoin Open Interest | Source: Coinglass

There is no need for a Bitcoin panic

In particular, the decline in BTC OI affected most exchanges, including CME and Binance, as the cryptocurrency’s top token fell below $42,000. If BTC falls below this level, it would represent a 4% decline within 24 hours, but experts say this is healthy for the market.

Analysts have advised against investor panic and said the fall in market prices is likely to be short-term rather than a much lower drop than an aggressive plunge.

BTC was trading around $41,200 at press time, with the token price down less than 1%, per CoinMarketCap data. Amid calls from BTC supporters on social media to “buy the dip,” there are also expectations that the U.S. Securities and Exchange Commission (SEC) will soon approve a BTC ETF.

bitcoin price
BTC price on December 12 | Source: CoinMarketCap

Follow us on Google News

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Trump’s son confirms that the team launches a password wallet and refuses to link to the circulating website.

June 4, 2025

HTX X JAMES WYNN LIVESSTREAM Function Critics Mimem Mem

June 3, 2025

TEZOS unveils uranium token shoes in consensus 2025.

June 2, 2025
Add A Comment

Comments are closed.

Recent Posts

Ripple Stablecoin RLUSD gets a green line to use in Dubai Difc.

June 4, 2025

BITMEX is finished with Alts & Mement Trading Arena with 50,000 usdt prize pool

June 4, 2025

Analyst says Solana blinks a very promising optimistic setting and predicts the rally for two lowlands Altcoin.

June 4, 2025

Development of Ether Leeum: PECTRA, Fusaka and Glamsterdam

June 4, 2025

The reason why Flock token surpasses the encryption market with three digits

June 4, 2025

With the new record height, gold climbing goes well with the price of Bitcoin.

June 4, 2025

Trump’s son confirms that the team launches a password wallet and refuses to link to the circulating website.

June 4, 2025

Will the price of TRX follow the rise in the network of TRON?

June 4, 2025

Telegram reveals direct messaging on channel and HD photo sharing.

June 4, 2025

How to analyze the market moves like a pros

June 4, 2025

Introduction to Krakeen Prime, a full -service prime brokerage for customer creepto customers

June 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Ripple Stablecoin RLUSD gets a green line to use in Dubai Difc.

June 4, 2025

BITMEX is finished with Alts & Mement Trading Arena with 50,000 usdt prize pool

June 4, 2025

Analyst says Solana blinks a very promising optimistic setting and predicts the rally for two lowlands Altcoin.

June 4, 2025
Most Popular

What is Mt. Gox? | The Block

July 18, 2024

Stablecoin issuer Tether details ‘remarkable’ growth of USDT wallets led by small holders

December 10, 2024

Discover the mysterious power of DarkToken: The Ultimate Guide – The Defi Info

January 6, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.