According to ChainCatcher, according to Coinglass data, as of October 18, the Chicago Mercantile Exchange (CME) Bitcoin futures open interest (USD) reached $12.3 billion, breaking the historical high, accounting for 31% of the total Bitcoin futures contract positions in the current crypto market (US$39.1 billion).

In addition, Vetle Lunde, a researcher at K33Research, said that the current institutional preference is to establish long positions. With the sharp increase in open interest, the futures premium has climbed to a 5-month high.