According to the latest data from Coinglass, the aggregate open interest in Bitcoin futures contracts across all platforms currently stands at 681,260 BTC, valued at roughly $73.41 billion. This metric highlights the significant volume of outstanding contracts in the Bitcoin derivatives market, reflecting robust investor engagement. Notably, CME leads the sector with an open interest of 153,070 BTC, equivalent to about $16.47 billion, underscoring its dominance in institutional Bitcoin futures trading. Binance follows closely, holding 115,560 BTC in open interest, or approximately $12.45 billion, cementing its position as a key player in the retail and professional trading segments. These figures provide valuable insights into market liquidity and trader sentiment within the Bitcoin futures ecosystem, essential for market participants monitoring risk exposure and potential price movements.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024