CME Group's Bitcoin futures open interest has dropped to about 123,000 BTC, the lowest since February 2024, signaling a major institutional pullback. This decline is driven by compressed basis yields that make cash-and-carry arbitrage strategies unprofitable, coinciding with record outflows from U.S. spot Bitcoin ETFs. Meanwhile, Binance has surpassed CME in futures open interest for the first time since 2023, reflecting a shift from regulated institutional venues to retail and offshore markets. The spot Bitcoin price remains resilient above $72,000, indicating a market led by direct buying rather than leveraged derivatives. Investors should watch CME open interest, basis yields, and ETF flows for signs of further institutional withdrawal or stabilization.
Most major cryptocurrencies saw price declines, with Bitcoin trading near $79,358, down 1.44%. Ethereum and Binance Coin also fell by 0.64% and 1.25% respectively. Significant drops were observed in Bitcoin Cash (-6.42%) and Cardano (-3.04%). Some to...
At Bitcoin Asia 2026 in Hong Kong, former Binance CEO Changpeng Zhao predicted Bitcoin will overtake gold's significance during the next bull market cycle. While gold's market cap is about $32.4 trillion, Bitcoin currently holds $1.6 trillion, with Z...
Binance Coin (BNB) surged to around $713 following the activation of the Pasteur hard fork on August 25, which introduced key upgrades to the BNB Chain. These upgrades improved cross-chain security, governance, and network capacity, increasing transa...
Large XRP holders, or whales, have withdrawn over 231 million XRP tokens worth $335 million from Binance, marking the highest outflow in six months. This significant movement suggests whales are moving XRP to private wallets, potentially reducing the...
Cryptocurrency markets display a range of price movements with Bitcoin trading above $80,000, up 3.03%. Ethereum and Binance Coin also show gains, while altcoins like Solana surged nearly 12% and VeChain (VET) jumped over 29%. These fluctuations indi...
