According to recent data from Coinglass as of November 6th, the aggregate open interest for Bitcoin futures contracts across all platforms has surged to 593,400 BTC, equating to around $43.855 billion. This marks a substantial daily increase of 9.03%, achieving a historic peak. The Chicago Mercantile Exchange (CME) leads with the highest open interest, featuring 162,400 BTC—or roughly $11.989 billion. Following closely is Binance, which has an open interest of 124,500 BTC (approximately $9.195 billion). This elevated level of open interest signals potential for heightened market volatility as contract expirations draw near. Traders may find themselves prompted to either liquidate positions or roll over contracts, which is likely to instigate significant price movements within the Bitcoin market.
Popular Categories
Previous article