CME Bitcoin futures broke through $100,000 twice within a week, the market is paying attention to the follow-up trend of spot prices

On November 30, according to Cointelegraph, the Chicago Mercantile Exchange (CME) Bitcoin futures broke through the $100,000 mark again on November 29, reaching $100,200. This is the second time in seven days that this milestone has been surpassed.

Data shows that there are more than 40,000 open contracts for CME Bitcoin futures and trading volume reached $12.3 billion before Thanksgiving holiday. After touching a high of $98,600, the spot price of Bitcoin fell back with a difference of over $200 between Coinbase and Binance at one point.

Market data indicates significant sell pressure around the $100,000 mark. According to CoinGlass data, this round of increase has triggered about $55 million in short positions to be forcibly closed out. If it wants to break through the whole number threshold of $100k , bulls need to push prices above $99k to trigger a new round of liquidation.