Open Interest in CME Bitcoin Futures Reaches Record $11.6B, Indicating Continued Bullish Sentiment

In October 2023, CME experienced an influx of 25,115 BTC, marking its rise as the largest futures exchange, surpassing Binance for the first time. During this timeframe, bitcoin witnessed a significant increase, climbing from around $25,000 to over $40,000 by the end of the year.