The number of large traders in the CME bitcoin futures market for the first time exceeded 100 The activity in the bitcoin futures market of the Chicago Mercantile Exchange (CME) has increased dramatically ahead of the US presidential election, writes The Block.

The number of large traders in the CME bitcoin futures market exceeded 100 for the first time

Activity in the bitcoin futures market of the Chicago Mercantile Exchange (CME) has increased dramatically ahead of the US presidential election, writes The Block.

The trading volume per session was 6,700 contracts or 33,500 BTC, which exceeds the average annual values ​​by 75%. At the same time, the number of large traders to be reported, which include institutional investors with at least five active contracts, increased in October by 20% to 102.



As analyst Ryan Todd notes, the number of Bitcoin position holders is impressive compared to other exchange products..

Todd previously wrote, “How big is a product with 74 reporting traders? Based on the latest report from the Commodity Futures Trading Commission (CFTC), the value on the CME is higher than the 3-month SOFR, Brazilian real, Swiss franc and E-mini S&P400, to name just a few examples. Even with open interest and trade, consider it a success in itself. ".

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