Bitcoin Futures Hit Record High But Options Signal Caution as Price Stalls Under $36K
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CME Bitcoin futures open interest hit a record high of $3.65 billion on November 1, signaling growing institutional interest.
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However, Bitcoin options markets show increasing demand for protective puts, indicating caution.
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Bitcoin price rejected at $36K and fell 5% as Bitfinex saw $300M in daily BTC inflows, suggesting whale selling pressure.
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Lower BTC availability on exchanges may be deceiving as reduced deposits could reflect lower confidence.
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Bitcoin price relies on spot exchange flows, and supply between $36K-$40K remains uncertain despite growing institutional futures demand.