CME’s Open Interest Suggests a Bitcoin Price Jump is Imminent

CME’s Open Interest Suggests a Bitcoin Price Jump is Imminent

The Merkle

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Looking at the current Bitcoin price momentum, some cautious optimism appears to be warranted. Open interest on CME’s Bitcoin options seems to confirm as much, although no immediate push to $10,000 should be expected. Many people would like to see the value of Bitcoin hit five digits once again. Are Things Looking up for Bitcoin? When that happens, the world’s leading cryptocurrency may slowly begin moving to a new all-time high. If and when such a scenario will unfold exactly, remains to be determined. One factor that might give speculators some hope is the current open interest on CME’s Bitcoin

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