As of October 7, insights from COINOTAG reveal a substantial total open interest of Bitcoin futures contracts reaching 538,700 BTC, translating to approximately $33.957 billion. This significant figure highlights market engagement, particularly within the major exchanges. The CME Group leads the market with a commanding open interest of 146,100 BTC, equating to around $9.198 billion, showcasing its dominance in Bitcoin futures. Following closely is Binance, which boasts an open interest of 118,700 BTC, or about $7.484 billion. These figures confirm the growing interest and liquidity in the Bitcoin futures market, indicating robust trading activity and strategic positioning by investors. Understanding these dynamics is crucial for market participants as it reflects broader trends within the cryptocurrency landscape.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024