CME Group Crypto on LinkedIn: Micro Bitcoin Overview - CME Group (2024)

With increased market volatility, Micro Bitcoin futures (MBT) trading volume soared to an all-time high on March 5, surpassing 135K contracts ($850M+ in notional value).http://spr.ly/6049XqQ1h

CME Bitcoin futures trading volume for November has surged to approximately $70 billion, marking the highest volume since November 2021, as reported by DL News. According to K33 Research, Bitcoin and Ethereum futures were trading at a 13% premium compared to the spot price as of the previous day. 📈💱💼 #Bitcoinworld

With increased market volatility, Micro Bitcoin futures (MBT) trading volume soared to an all-time high on March 5, surpassing 135K contracts ($850M+ in notional value).http://spr.ly/6049XqQ1h

The proportion of disputed volume to futures volume increased to an all-time high. The market is more susceptible to price changes since the amount of bitcoin futures trading is 9 times greater than the volume of bitcoin spot trading. Futures outnumber spot by a 9:1 ratio. The fact that Binance has stopped allowing zero-fee spot trading on the majority of its pairs is the cause of this high ratio. We are likely to have a period of significant volatility when the Bitcoin dominance ratio is high compared to the preceding period, when it was 7 times closer to the top and 1 times closer to the bottom. #bitcoin #trading

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【CME Bitcoin futures open interest reaches a record high of $7.76 billion】According to Coinglass data, the open interest of CME Group Bitcoin futures reached a historical high of 7.76 billion US dollars on February 27th, with a 24-hour increase of 15.61%.

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The information provided indicates that a trader executed a $20 million BTC butterfly spread transaction recently. Butterfly spread trading is a strategy employed when the market direction is uncertain and volatility is anticipated to decrease. In this particular trade, the trader speculated on a slight decline in the price of Bitcoin before March 29, with the maximum profit point set at $47,000. However, losses may occur if Bitcoin's price falls below $44,000 or rises above $49,800. This strategy allows traders to profit from a specific range of price movement while limiting potential losses outside of that range.

#Bitcoin options market records increased activity with a surge in put options ahead of the #SEC's January 10 decision on Bitcoin #ETFs. The put-to-call ratio rises, indicating increased caution among traders, with major strike prices set at $44k, $42k, and $40k. Traders are preparing for potential market reactions, reflecting the significance of the impending regulatory decision. Read full story: https://lnkd.in/gVC8n6Si

🔍Low weekend trading volumes could spell trouble for Bitcoin.Increased volatility might lead to 5% drop to $49,170 support and a break below $45,554 would confirm bearish extension.Traders closely monitor key levels as Bitcoin navigates within the ascending parallel channel.

The most likely explanation for the weakness in gold stocks is that investors are selling them to buy #BitcoinETFs instead. That means #Bitcoin    has basically become a bet against #gold. So when gold inevitably breaks out, the money to buy gold stocks will come from Bitcoin ETFs.Unfortunately for #BitcoinETF buyers a lot less money will come out of Bitcoin ETFs than went in, as the selling will cause #Bitcoin    to crash. So most of the money to buy #gold stocks will come from other sources.

Bitcoin trading volume is at its lowest in more than four years. Bitcoin’s trading volume hit its lowest level in almost five years this month as investors keep waiting for reasons to jump back into the market.An analysis of CryptoQuant data from both spot and derivatives exchanges shows the total volume of bitcoin held on all exchanges fell earlier this month to its lowest level since 2018 and has struggled to rebound.As of Aug. 26, bitcoin trading volume on all exchanges sat at 129,307 BTC, according to CryptoQuant. Earlier in the month, on Aug. 12... https://lnkd.in/dRSwabbU