Are 24/7 CME Bitcoin futures a volatility cure — or a new leverage trap?

BTC

BTC/USDT

$65,833.32

+2.46%

$65,833.32

+2.46%

(24s)

24h Volume

$14,544,242,428.09

24h H/L

$65,995.00 / $63,678.83

Change: $2,316.17 (3.64%)

Long/Short

59.1%

Long: 59.1%Short: 40.9%

Funding Rate

+0.0009%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$65,872.47

▲ 0.19%

Volume (24h): -

Resistance Levels

Resistance 3$71,025.16

Resistance 2$68,137.57

Resistance 1$65,896.82

Price$65,872.47

Support 1$64,786.80

Support 2$61,834.89

Support 3$59,130.91

Pivot (PP):$65,740.49

Trend:Downtrend

RSI (14):42.1

CryptoSlate Editorial

(08:25 AM UTC)

1 min read

Approved byJames Mitchell

1180 views

0 comments

Wall Street got to trade Bitcoin around the clock just in time to watch the market fall apart. CME Group launched 24/7 trading for its crypto futures and options on May 29, and over the first weekend, more than 7,200 contracts changed hands, worth roughly $50 million in notional value.

Within days, Bitcoin had slid below $70,000 for the first time in two months, and the market had to absorb one…