đ° CME BTC futures open interest dips then rebounds to $5.64 billion as institutional investors adjust to volatility
Open interest (OI) of longs on CME futures by asset managers reached $4.97 billion two weeks ago. This marks the metric's lowest point since early March and is a significant drop from the all-time high of $6.74 billion observed in the first week of July.
The recent dip suggests that asset managers have been reducing their long exposure to BTC, possibly in response to recent market volatility or as part of risk management strategies in a period of macroeconomic uncertainty.
#BTCâ #Write2Earn! #CryptoMarketMoves #PowellAtJacksonHole #LowestCPI2021 $BTC
