Bitcoin Futures Open Interest Surpasses $45 Billion, Reaching All-Time High

On November 7th, COINOTAG reported a significant surge in **Bitcoin futures** open interest, as recorded by **Coinglass**. The total open interest has reached an impressive **$45.15 billion**, marking a **24-hour increase of 10.78%**, which is the **highest level** ever seen in the market. Notably, the **CME** exchange has contributed a more conservative **5.65%** increase in this period. In comparison, major platforms like **Binance**, **Bybit**, and **Bitget** have surged by over **10%**, reflecting growing investor interest and market activity. This escalating open interest highlights a robust trend in **Bitcoin trading**, showcasing the resilience and demand for **cryptocurrencies** in today’s financial landscape. As institutions and retail investors alike engage with these derivatives, the overall sentiment in the **crypto market** continues to strengthen, offering promising avenues for speculative trading and **hedging** strategies.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Michigan State Retirement Fund Invests $10 Million in Grayscale Ethereum Trust, Securing Major Stake

The Michigan State Retirement Fund has strategically positioned itself...

Grayscale Proposes Listing for Grayscale Digital Large Cap Fund (GDLC) as ETP with Bitcoin Dominating Holdings

On November 4, COINOTAG News reported that Grayscale has...

Fragmetric Completes Builder Round Financing to Enhance Solana Ecosystem Security and Liquidity

On November 4th, COINOTAG News reported that Fragmetric, a...

Vitalik Buterin Warns Against Exclusion of Russian Developers in Open Source Community

On November 4th, Vitalik Buterin, co-founder of Ethereum, took...

Bitcoin Volatility Soars Amid U.S. Election Impact on Crypto Markets

Bitcoin Volatility Surges as U.S. Election Heightens Stakes for...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img