The volume of open positions on bitcoin futures on the Chicago Mercantile exchange (CME) has reached new records in anticipation of increased volatility.
At the moment, the volume of open positions on CME has reached $400 million, which is 20% more than the previous record set on February 14. Then the amount of open positions reached $338 million.
At the same time, although the number of open positions has increased significantly, the trading volume is significantly lower than in February. If then the average daily trading volume for bitcoin futures was $493 million, now it has fallen to $217 million. And on February 15, the volume of trading in futures for the first cryptocurrency on CME exceeded $1 billion.
At the time of writing the news, the bitcoin exchange rate again made a leap up. Bitcoin exceeded $9,500, and, after a small pullback, continued to grow.
In mid-April, it was reported that despite the decline in trading volume, the number of traders on the CME is growing. Perhaps, customers registered in the hope of earning on the upcoming halving of the reward for bitcoin miners, and now place pending orders to buy BTC.