Bitcoin Futures Open Interest Hits 687,990 BTC with CME Leading at $17.49 Billion

According to the latest data from Coinglass, the total open interest in Bitcoin futures contracts has reached an impressive 687,990 BTC, valued at around $73.77 billion. This metric highlights the substantial liquidity and investor engagement within the Bitcoin derivatives market. Notably, the CME Group leads with an open interest of 163,180 BTC, equivalent to approximately $17.49 billion, underscoring its dominance in institutional Bitcoin futures trading. Binance follows as the second-largest platform, holding 111,130 BTC in open interest, roughly $11.91 billion, reflecting its significant role in retail and professional crypto derivatives markets. These figures demonstrate the robust demand for Bitcoin futures, which remain a critical tool for hedging and speculative strategies among market participants.