🚨 Breaking News: CME Reportedly Not Considering Solana (SOL) Based Futures Product

According to sources, CME Group has decided not to pursue a Solana (SOL) based futures product at this time. This decision highlights the ongoing evaluations and strategic choices in the rapidly evolving cryptocurrency derivatives market. Stay tuned for more updates on the developments in crypto trading and futures products.

#CME #Solana #Crypto $SOL

Ethereum Broke Its All-Time Record This Month: It Rising to $1.26 Billion!

An all-time record was broken in Ethereum (ETH) contracts on the Chicago Commodity Exchange.

The trading volume of #Ethereum futures contracts on #CME increased to $1.26 billion, although May is not yet over.
The trading volume of Ethereum contracts was $615.75 million in April. Data from May represents an all-time high.

According to Wintermute analysts, the increase in Ethereum open positions means that institutional investors are increasingly looking to trade Ethereum against Bitcoin.
Investors are waiting for the U.S. Securities and Exchange Commission (SEC) to approve the S-1 filings, as well as the 19b-4 filings, and spot Ethereum ETFs will be established.

According to Wintermute analysts, due to this expectation, there has been a significant increase in the implied volatility of 1-week, 1-month, 3-month and 6-month at-the-money options.
$BTC $ETH

The reason why the SEC passes the Ethereum #spotETF is mainly due to the correlation between CME #EthereumFuture and certain spot Ethereum trading platforms. Most of the SEC documents provide data evidence of high correlation, and the monitoring and sharing agreements of #CME and others can help prevent fraud and manipulation.
#EarnFreeCrypto2024 #ETHETFsApproved

What Are Bitcoin CME Gaps And How Do You Trade Them?
Most traders using them as a tool to make profits.
CME closes for the weekend, there is a gap between the closing price on Friday and the opening price on Monday. This gap is known as a CME gap.
#Binance #crypto2023 #BTC #CME

How Will BTC Price React to CME Bitcoin Futures Expiration?
A raft of Bitcoin futures contracts at the Chicago Mercantile Exchange (CME) is set to expire today. Meanwhile, analysts ponder on the potential impact on the BTC price.
#Binance #crypto2023 #BTC #CME #BNB

#CME #FedWatch "62.6% chance of interest rate freeze in May" the US Chicago Mercantile Exchange, traders predict a 62.6% chance that the US Federal Reserve will freeze its benchmark interest rate at the FOMC meeting in May. The probability of a 25 basis point increase is 37.4%.

Fed interest rate decision and Bitcoin technical analysisThis week will be very busy. Markets will focus on the Federal Reserve ( ) interest rate decision and Powell's speech on November 1 at 21:00 CET. According to data, 97.4 percent are certain that the rate will remain constant between 5.25 percent and 5.50 percent, while those expecting an interest rate cut are around 2.6 percent. In his speech in front of the New York Economic Club last week, Powell stated that tight financial conditions may be necessary, but the Fed's actions may be less needed due to rising market interest rates. That's why Powell's speech at the FOMC press conference at 21.30 is of great importance.
Joe Biden has requested from Congress $61.4 billion for the Ukraine war, $14.3 billion for aid to Israel, and more than $9 billion for intervention in humanitarian crises, including Gaza, but the US budget deficit continues to increase. It does.
In the cryptocurrency markets, the positive atmosphere created by the expectation of spot approval continues. While Bitcoin dominance has reached the peak of the last one and a half years with 54 percent, it is preparing to close October with a green candle. On November 1, we will receive the earnings report of Microstrategy, which we know well with its Bitcoin investments. We are experiencing positive divergence in some altcoins such as Metaverse.
Economic Calendar
Tuesday, October 31, 2023
Euro Zone – Consumer Price Index (CPI) (Annual) Expectation: 3.4% Previous: 4.3% – 12.00
Wednesday, November 1, 2023
USA – Federal Funds Target Rate Expected: 5.50% Previous: 5.50% – 21.00%
USA – Federal Open Markets Committee (FOMC) Press Conference – 21.30
Microstrategy will announce its earnings report on Wednesday, November 1st at 23:05.

#Bitcoin Future Smart Money Index

The Bitcoin Smart Money Index skyrockets to a record high of 13,711!

Signaling a surge in net bullish positioning by asset managers on the CME.

#CME #Trading #Altcoins #CryptoPatel

Yesterday's #Bitcoin dump left a CME gap at 29500. Will be closed sooner or later.

Below there is still a gap at 20145

#BTC #CME

📢 The notional open interest in Bitcoin's cash-settled futures #trading on the #CME has surpassed $4 billion for the first time in a year! ✅

#Bitcoin #BTCCME #cryptonews

📌 BTC update 4/10

At H4, the price is rebalancing + in contact with the BB block, which has now completely filled the H4 imb but D1 is not very clear

H4 is currently increasing - adjusting in the morning and evening

2 small #CME Gaps around January 27-March 26. It is expected that the first GAP milestone will be filled because the current buying volume is not too large to push the price up

Buy Sell #Altcoin brothers, pay attention

Wishing everyone a very lucky new day 🍸🍸🍸

#crypto2023 #cryptonews #BTC
$BTC $ETH $BNB

#Bitcoin #CME gaps

27105-27865

29110-29500

Both will be visited at some point.

#BTC

The potential scenario of filling the CME gap between $66,400 and $64,000 is worth noting, as these gaps tend to be filled eventually due to market dynamics and trading patterns.

The CME gap refers to price gaps that occur on Bitcoin futures charts during periods when the traditional markets are closed. Traders often anticipate these gaps to be filled due to the tendency of markets to seek equilibrium. Essentially, when the price moves back to fill the gap, it reflects a balancing of supply and demand.

$BTC #BTC #CME #CMEFILLING

Trading fam, let's grow together! 🚀 Like, repost, and follow for maximum gains! 💰📈 #TradingCommunity

📊 #CCData report:
- In December, aggregate spot and derivatives trading volume on the #CEX increased for the third consecutive month, rising 28.4% to $4.68 trillion (the highest aggregate monthly trading volume recorded since June 2022);
- Spot trading volumes on Binance grew by 38.3% to $425 billion in December, recording the first increase in market share in ten months;
- Open interest in $BTC futures products traded on the CME continued to rise in December, increasing by 17.5% to $.83 billion;
- #CME derivatives trading volume increased 3.35% to $70.2 billion, the highest volume since November 2021.

💰 #BTC CME

Currently we have a new Gap formed between 26770$ & 26450$☝️

Previous one still opened above🧐

#Binance #crypto2023 #dyor #CME

The CME Fed watch tool currently points to a 68.6% chance Jerome Powell and the Fed don't raise rates at the next FOMC meeting

#CME #fomc #fed

#Bitcoin open interest jumps 25% since #BlackRock ETF filing.

On the Chicago Mercantile Exchange (#CME ), open interest in bitcoin futures contracts is at its highest level since March 2022.

According to Coinglass, there are $2.98 billion worth of contracts available on CME, and the total open interest in bitcoin across derivatives exchanges has risen to yearly highs.

Over a two-week period, the futures market received about $3 billion in investments, increasing from $11.4 billion to $14.4 billion.

A few of days after BlackRock filed for its spot ETF, the spike started around June 19.

#BTC is currently trading at $30,800, up 22% since BlackRock's filing and more than 85% year-to-date.

#BTC and #ETH futures open interest increased concurrently in May

A media specializing in cryptocurrencies, tweeted, “Bitcoin (BTC) futures open interest increased by 2.9% last month, and Ethereum (ETH) futures open interest increased by 5.7%. increased," he said. Bitcoin futures trading volume during this period was $778.5 billion, down about 15.3% from the previous month. Also, open interest on #CME #BTCfutures in May fell 8.4% to $1.85 billion, while average daily trading volume fell 30.1% to $1.22 billion. Monthly trading volume of #Ethereum futures fell 24.3% to $408 billion.

#BTC is trading $800 dollars higher on #CME #CME.Bitcoin

Are institutions buying?

- Based on data from #CME Fed Watch, there is a 78.5% likelihood that the Federal Reserve will maintain the current interest rates of 5.25%-5.50% during September.

- The probability of the Fed opting for a 25 basis points rate hike, leading to a range of 5.50%-5.75%, is indicated to be 21.5%.

#news