Skew data: CME Group ’s bitcoin futures open interest contract increased by 70%, institutions began to return to the market

Crypto derivatives research firm Skew data shows that CME Group (CME) bitcoin futures open positions have achieved significant growth. As of now, open positions are $ 181 million, up from $ 106 million on March 22 70%, and reached the highest level since March 7 196 million US dollars 9 days ago. This means that traditional financial institutions may be more willing to increase their Bitcoin exposure to their portfolios, while retail investors are reluctant to invest in the futures market. On March 12, due to the new crown epidemic, the global stock market plummeted, and the number of open contracts in Bitcoin dropped sharply from US $ 316 million to US $ 107 million, because institutions saw Bitcoin as a source of liquidity during the crisis and invested People usually prefer to hold cash, mainly in US dollars.