Bitcoin’s rollercoaster ride continues as the world’s most popular cryptocurrency witnessed a surge in futures open interest on the Chicago Mercantile Exchange (CME). The open interest reached a staggering $5.2 billion, marking a significant climb from its previous figures and coming tantalizingly close to its all-time high set in late October 2021.


Over the past month alone, CME’s Bitcoin futures open interest skyrocketed from $3.63 billion to the current $5.20 billion, mirroring Bitcoin’s impressive 26% gain during the same period, now hovering around $44,000.

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