🚀 Bitcoin futures open interest on CME has hit an all-time high of 172,430 BTC ($11.6B)! Over the past 5 trading days, CME saw a surge of 25,125 BTC, one of the highest in recent years. 📈

Senior analyst Vetle Lunde from K33 Research highlights that this growth is driven by active market participants, not futures-based ETFs. Active participants now hold 85,623 BTC, similar to March's peak levels.

What do you think is driving this surge? Share your thoughts below! 💬 #Bitcoin #Crypto #Futures #CME