According to BlockBeats, on November 30, Cointelegraph reported that the Chicago Mercantile Exchange (CME) Bitcoin futures broke through the $100,000 mark again on November 29, reaching $100,200. This was the second time in seven days that the milestone price was broken.
Data shows that the number of open contracts for CME Bitcoin futures exceeded 40,000, and the trading volume reached $12.3 billion before the Thanksgiving holiday. The spot price of Bitcoin hit a high of $98,600 before falling back, and the price difference between Coinbase and Binance once exceeded $200.
Market data shows that there is a large selling pressure near $100,000. According to CoinGlass data, this round of rise has triggered the forced liquidation of about $55 million of short positions. To break through the $100,000 integer mark, bulls need to push the price above $99,000 to trigger a new round of liquidation.
