Bitcoin Futures Open Interest Drops to $48.096 Billion: CME and Binance Lead the Market

As of March 9th, data from Coinglass indicates that the overall open interest in Bitcoin futures across major trading platforms has decreased to $48.096 billion. This decline reflects a shift in market sentiment as traders reassess their positions amid current economic conditions. Notably, the CME Bitcoin futures maintain the largest share with an open interest of 144,100 BTC, equivalent to approximately $12.371 billion, solidifying its position as the leading exchange for institutional investors. Following closely behind, Binance has reported an open interest of 104,800 BTC, which translates to around $9.013 billion. The volatility in open interest is crucial for traders, as it signals liquidity trends and potential price movements in the crypto market.