🚀 Bitcoin Futures Open Interest Hits All-Time High on CME! 🚀

Big news in the crypto world! Bitcoin futures open interest (OI) on the Chicago Mercantile Exchange (CME) has soared to a record-breaking 172,430 BTC, valued at $11.6 billion. This massive spike, a 25,125 BTC increase over the past five trading days, marks one of the highest recorded changes in recent years.

Key Points:

- CME now accounts for 40% of total open interest.

- Active and direct market participants are driving this growth, not futures-based ETFs.

- Historical context: Similar surges were seen in June and October 2023.

What's your take on this milestone? Drop your thoughts in the comments! 💬