Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»CME’s Bitcoin options open interest has reached an all-time high.
ADOPTION NEWS

CME’s Bitcoin options open interest has reached an all-time high.

By Crypto FlexsDecember 19, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
CME’s Bitcoin options open interest has reached an all-time high.
Share
Facebook Twitter LinkedIn Pinterest Email
Market • December 19, 2023 11:44 AM EST

Posted 1 minute ago In ~

Bitcoin BTC

+1.28%
Reuters reported on the 2nd (local time) that open interest in options on the Chicago Mercantile Exchange (CME) reached an all-time high. The Block’s data dashboard. Over the past 24 hours, open options interest on the CME Bitcoin futures contract has reached nearly $2 billion.

The same result was observed with Velo Data, which showed options open interest on CME Bitcoin futures reaching a peak of $2.1 billion.

An increase in open interest indicates a very liquid market with many participants. Open interest refers to the total number of outstanding option contracts that have not been exercised. Increasing open interest means increased sophisticated trader activity as new contracts are created and added to existing contracts.

According to data from Coinglass, options open interest at expiration dates in late December is more heavily weighted toward calls than puts, with 65% being calls and 35% being puts. When call volume exceeds put volume, it is interpreted as a bullish indicator.

Open interest in Bitcoin options on CME has reached multi-year highs.

Bitcoin futures traders betting on interest rate cut in 2024

CME Bitcoin futures options expire on the same day as the underlying Bitcoin futures contract, i.e. the last Friday of each month. Bitcoin futures trading volume on CME reached $41 billion as of December, according to data from The Block.

“Traders in futures markets are increasing their bets on interest rate cuts, speculating that rates will be cut as early as March and further declines over the next year,” Bitfinex analysts told The Block.

This forecast is consistent with data from the CME FedWatch tool, which gives a 66.7% probability that the U.S. central bank will cut interest rates by 25 basis points in March 2024.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Brian McGleenon is a UK markets reporter for The Block. He has worked as a financial journalist and producer for several news outlets such as Fuji Television, The Independent, Yahoo Finance, The Evening Standard and The Daily Express over the years. Brian is also a screenwriter and producer with one feature film and one in development at Northern Ireland Screen. In addition to web3 and cryptocurrency development, he is also interested in geopolitics, environmental issues, artificial intelligence, and longevity studies. Contact us via email (email protected).
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025
Add A Comment

Comments are closed.

Recent Posts

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

InFocus Launches Digital Ventures Strategy With Mythos Group To Push Into Blockchain, AI And Bitcoin

September 1, 2025

WorldShards Announces Partnership With ByBit And TGE Date

September 1, 2025

EcoSync & CarbonCore Launch Full Stages Refi Infrastructure Linking Carbon Credits With Web3

September 1, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025

Next chapter of ecosystem support program

August 31, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 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

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025
Most Popular

Bitcoin Miner Selling Pressure ‘Weaken’, BTC Withdrawals Down 85%

June 28, 2024

EF-Supported Teams: Research & Development Update

February 7, 2024

Toncoin’s Next Move – How Whales Can and Can’t Keep TON Bullish

September 2, 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.