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Create: Update:

The rotation of #Bitcoin futures open interest on the CME is starting towards ETH due to the ETH ETF narrative.

CME #Bitcoin open interest is down 13% from the highs ($700M), while ETH open interest is up 14%.

CME $BTC futures are now below the spot price (backwardation).

The rotation of #Bitcoin futures open interest on the CME is starting towards ETH due to the ETH ETF narrative.

CME #Bitcoin open interest is down 13% from the highs ($700M), while ETH open interest is up 14%.

CME $BTC futures are now below the spot price (backwardation).


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