TKL: Demand for Bitcoin is through the roof: Open interest in Bitcoin Futures on CME has surpassed 40,000 contracts for the first time in history.

TKL: Demand for Bitcoin is through the roof: Open interest in Bitcoin Futures on CME has surpassed 40,000 contracts for the first time in history.

Since the beginning of the year, the total number of outstanding contracts for Bitcoin has DOUBLED.

To put this into perspective, at the 2021 November peak, open interest was ~58% lower, at ~17,000.

This comes as Bitcoin’s market cap has reached a record $1.94 trillion.

Investors continue to pile into Bitcoin.

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