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

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(12:49 AM UTC)
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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.

Sheila Belson

Sheila Belson

Sheila Belson is a 20-year-old financial content editor who ventured into the realm of cryptocurrencies in 2023. Enthralled by the innovative world of non-fungible tokens (NFTs), she harbours a profound affection for Ethereum. With a sharp eye for detail, Sheila skillfully navigates the dynamic crypto landscape, continuously seeking to enrich her understanding and share her passion through engaging and insightful content.
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