Analysis: Bitcoin Returns to $93,000, but CME BTC and ETH Open Interest Both Decline
ChainCatcher news, according to CoinDesk, the cryptocurrency market has seen a much-needed rebound, with bitcoin prices also rising, up 6.6% in 24 hours to $93,000. However, on the Deribit platform, BTC and ETH put options are still trading at higher prices than call options.
In addition, the open interest of bitcoin futures on the Chicago Mercantile Exchange (CME) has dropped to 121,670 contracts, the lowest level since February 2024. Ethereum futures open interest has also decreased, falling to 1.95 million ETH, the lowest level since September.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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