[Analysis] "CME Bitcoin futures large holders hit all-time high... Suggesting increased institutional demand"
Summary
- The number of large holders of CME Bitcoin futures reached an all-time high of 217 at the end of May.
- This represents a 36% increase compared to the beginning of the year, suggesting that institutional demand for Bitcoin is expanding.
- In particular, it is analyzed that Bitcoin is gaining attention as a store of value amid economic and geopolitical uncertainty.
Large holders of CME Bitcoin futures have reached an all-time high, suggesting an expansion of institutional demand for Bitcoin, according to analysis.
According to The Block on the 5th (local time), the number of large open interest holders of CME Bitcoin futures reached 217 at the end of May, marking a record high. This figure represents a 36% increase compared to about 160 at the beginning of the year.
Regarding this, the media outlet analyzed, "The steady increase in institutional holders since the start of 2024 indicates a sustained accumulation trend of Bitcoin, rather than short-term trading centered on specific events," and "In particular, as economic and geopolitical uncertainty triggered by the trade policies of U.S. President Donald Trump intensifies, the perspective of viewing Bitcoin as a store of value is becoming more pronounced."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
