🚀 Attention cryptocurrency enthusiasts! Bitcoin (BTC) futures on the Chicago Mercantile Exchange (CME) reached $47,040 on January 2, $1,600 above the spot market. Will this be a sign of an upcoming rally in Bitcoin price? Some analysts speculate that the rise is due to anticipation of the approval of a spot Bitcoin ETF by regulators. What do you think? Comment below! 👇

In the meantime, here are some key points to keep in mind:

- CME Bitcoin futures were at a very low premium compared to BTC spot markets between January and November 2023.

- On November 24, 2023, the CME Bitcoin futures premium rose to $900, the highest level in over two years.

- On January 2, 2024, CME Bitcoin futures reached an intraday high of $47,095.

Despite the increase in the CME futures premium, overall market sentiment remains bullish but not in an unusual way. Keep your eyes on the market and don't forget to share your opinions in the comments!