CME BTC Open Interest Surge Precedes Anticipated Market Volatility
CryptoNewsTerminal Staff14 Aug, 2024
CME BTC Open Interest Surge Precedes Anticipated Market Volatility
Coinglass, a crypto market data platform, recently reported a substantial increase in Bitcoin Open Interest (OI) on the Chicago Mercantile Exchange (CME). This noteworthy rise, approximating 3,500 BTC, often heralds heightened market volatility. With the highly anticipated release of the US Consumer Price Index (CPI) for July fast approaching on August 14th at 9:30 PM (Korean time), traders are advised to exercise caution, as volatility is likely to accompany this significant economic data.