Bitcoin Futures Open Interest Hits $61.52 Billion, Led by CME and Binance

As of December 25, COINOTAG reports that the total open interest for Bitcoin futures contracts has reached an impressive 622,360 BTC, valued at approximately $61.52 billion, according to data from Coinglass. The Chicago Mercantile Exchange (CME) leads the market with a substantial open interest of 193,580 BTC, translating to about $19.09 billion. This positions CME as a dominant player in the Bitcoin futures landscape, reflecting strong institutional demand. Following closely is Binance, with an open interest of 127,470 BTC, equivalent to around $12.6 billion. These figures indicate a robust buildup of positions among traders, likely influenced by recent market movements. As the crypto market continues to evolve, understanding these metrics is crucial for stakeholders aiming to navigate the complexities of cryptocurrency investments.