CME BTC Futures Hit 14-Month Low: Is Basis Trade Unwinding?

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CME Group’s Bitcoin futures open interest has fallen to roughly 123,000 BTC, its lowest level since February 2024, as compressed basis yields strip the profitability from institutional cash-and-carry strategies and raise the prospect of broader fund withdrawals from crypto derivatives markets.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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