The square is still shouting “CME futures bring 28%”—don’t mistake the price reaction from three days ago for institutional capital that has already landed today.
What the CME announced on September 22 is a proposed Bitcoin Cash futures contract scheduled to launch on October 19, pending regulatory review. The standard contract size is 250 lots and the micro size is 25 lots; these two numbers are contract design parameters, not executed volume, and not proof that the corresponding spot has already been absorbed.
As of 12:26 on September 25 (Beijing time), Binance spot has moved about -0.97% over the past 24 hours, with trading volume of roughly 37.52 million USDT. What can be confirmed right now is only a planned pathway for a future derivative product—not ongoing demand that has already materialized.
Only if regulatory review is completed and, after the contract is actually listed, there are sustained increases in CME trading and open interest, along with verifiable evidence of spot absorption, would this explanation need to be updated.
$BCH
What the CME announced on September 22 is a proposed Bitcoin Cash futures contract scheduled to launch on October 19, pending regulatory review. The standard contract size is 250 lots and the micro size is 25 lots; these two numbers are contract design parameters, not executed volume, and not proof that the corresponding spot has already been absorbed.
As of 12:26 on September 25 (Beijing time), Binance spot has moved about -0.97% over the past 24 hours, with trading volume of roughly 37.52 million USDT. What can be confirmed right now is only a planned pathway for a future derivative product—not ongoing demand that has already materialized.
Only if regulatory review is completed and, after the contract is actually listed, there are sustained increases in CME trading and open interest, along with verifiable evidence of spot absorption, would this explanation need to be updated.
$BCH