As investors look forward to lower interest rates next year, open interest in CME Bitcoin options has reached an all-time high.
According to data from The Block, open positions in Bitcoin options on the Chicago Mercantile Exchange (CME) have reached an all-time high. This development reflects the increasing investor interest in Bitcoin in the market and positive expectations for the coming period.
Open Positions are at Record Level
The increase in open interest, with CME Bitcoin options open interest reaching an all-time high, indicates that the market is becoming more liquid and more market participants are entering the space.
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Additionally, CME Bitcoin futures also saw a significant increase. The fact that open option positions reached the level of 2.1 billion dollars shows that investor activity has revived in the market. At the same time, according to Coinglass data, buyers attach more importance to open position options for the end of December maturity than sellers. Looking at the general figures, purchasing occurs at a rate of 65 percent and sales at a rate of 35 percent.
Investors’ Eyes on Interest Rate Cuts
Analysts also say more investors believe key interest rates will fall in early March and will continue to fall next year.
“Traders in futures markets continue to increase their bets in this direction, believing that the rate cut will continue starting in March and will deepen throughout next year.”
