CME registers a growing interest in bitcoin derivatives. BTC/USD is locked in a range from the long-term perspective. Traders doubled the amount of open long positions on bitcoin futures from 500 BTC to over 1000 BTC on the Chicago Mercantile Exchange (CME) in October. In September, this figure reached 1300 BTC but is decreased after the Bakkt launch. Earlier, CME reported a significant increase in large players’ interest in bitcoin futures during the third quarter. The number of open contracts exceeded the figure of the same period last year by 61%. Notably, Grayscale Investments reported that in the third quarter, 84% of new investments in its crypto funds came from hedge funds and other institutional investors, like pension funds, insurance companies and portfolio managers among others. Read also: Institutional investors not scared by Bitcoin sell-off – Grayscale report Bitcoin price prediction: CME Bitcoin futures volume soars as BTC/USD price drifts at $8,200 – Confluence Detector Institutional interest has long been touted as a precondition for a strong bitcoin rally. However, the first cryptocurrency has been trading in a range for the best part of the month. BTC/USD hit October’s high at $8,840, the lowest level of the month is registered at $7,786. At the time of writing, BTC/USD is changing hands at $7,955, down 2.66% on a day-to-day basis. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next EUR/JPY Technical Analysis: Downside expected to re-test the 100-day SMA near 119.80 FX Street 3 years CME registers a growing interest in bitcoin derivatives. BTC/USD is locked in a range from the long-term perspective. Traders doubled the amount of open long positions on bitcoin futures from 500 BTC to over 1000 BTC on the Chicago Mercantile Exchange (CME) in October. In September, this figure reached 1300 BTC but is decreased after the Bakkt launch. Earlier, CME reported a significant increase in large players' interest in bitcoin futures during the third quarter. The number of open contracts exceeded the figure of the same period last year by 61%. Notably, Grayscale Investments reported that in the third quarter,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
