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CME Bitcoin Futures Hit Record High as U.S. Lawmakers and Market Sentiment Shift

On June 6th, the Daily Bybit Morning Report highlights that CME Bitcoin futures open interest has reached a record high, growing 36% since the beginning of the year. Meanwhile, U.S. lawmakers confirmed Musk's statement that Congress members only learned of a bill's details on the night it was passed. Additionally, on Polymarket, the probability of Trump's impeachment this year increased to 10%. Trending cryptocurrencies include DOGE, SOL, LINK, MNT, and PEPE.
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AI Analysis

The significant increase in CME Bitcoin futures open interest indicates strong institutional participation and bullish market sentiment toward Bitcoin. This rise, surpassing the 36% growth since Janua...

AI Recommendation

Given these developments, it is advisable to adopt a cautious but alert stance. For institutional traders, increasing positions or hedging in Bitcoin futures may be advantageous if bullish sentiment p...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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