As of November 7th, COINOTAG reports a notable statistic from Coinglass: the *total open interest* for Bitcoin futures has reached 613,640 BTC, equivalent to approximately *$46.05 billion*. This figure underscores the growing institutional interest in cryptocurrencies. Among the various futures contracts, the *CME Bitcoin futures* dominate with an open interest of 178,940 BTC, or about *$13.39 billion*, establishing its position as the leading platform. Following closely is Binance, with an open interest of 126,850 BTC, translating to around *$9.51 billion*. These rankings highlight critical insights into market dynamics and trading strategies, particularly as institutional adoption continues to escalate in the crypto space. Such data is essential for traders monitoring the *futures market* as it provides a snapshot of market sentiment and liquidity, informing trading decisions in an increasingly complex environment.
