Viewpoint: The number of BTC contracts open on CME has fallen back to pre election levels in the United States, at around 150000

Odaily Planet Daily News: Crypto analyst Miles Deutsch stated in an article on X platform that the amount of USD denominated BTC held in CME's open contracts has fallen back to pre election levels in the United States (approximately 150000 BTC). A large part of this may simply be due to the liquidation of underlying trades, but it's good to see the total leverage ratio in the system reset.