📌 📢 CME Bitcoin Futures Suggest Rally To $40,000

Bitcoin bulls continue to push BTC price upside as the market sentiment improves after the delivery of the monthly options. Retail and institutional investors are now more confident about BTC price hitting $40,000 and closing the year near $45,000.

CME Front Contract Premium percent to Coinbase spot at an all-time high amid positive sentiment. CME Bitcoin futures traded at a high of $39,300 at one point in the last 24 hours, almost a $1,000 premium to the spot price. It happens as futures and options traders remain bullish on Bitcoin.

Improved market and bullish sentiment from institutional investors ETFs like ProShares’ BITO, which invests in CME-listed bitcoin futures, contributes to the premium.🔰

Meanwhile, CME Bitcoin Futures Open Interest Market Share Percent has also hit higher, reaching almost 30%. It follows as Bitcoin and former CEO CZ agreed to federal criminal charges and pay $4.3 billion in settlement with U.S. authorities.