CME Bitcoin Futures Surpass $100,000 Twice Within One Week, Market Watches for Spot Price Follow-through Trend

BlockBeats News, November 30th, according to a report by Cointelegraph, the Chicago Mercantile Exchange (CME) Bitcoin futures once again surpassed the $100,000 mark on November 29th, reaching $100,200. This is the second time within seven days that it has surpassed this milestone price.

Data shows that the open interest of CME Bitcoin futures exceeded 40,000 contracts, with a trading volume of $12.3 billion before the Thanksgiving holiday. The Bitcoin spot price reached a high of $98,600 before falling back, with a price difference of over $200 between Coinbase and Binance.

Market data shows significant selling pressure near the $100,000 mark. According to CoinGlass data, this rally has triggered the liquidation of approximately $55 million worth of short positions. To break through the $100,000 psychological barrier, long positions need to push the price above $99,000 to trigger a new round of liquidation.