Bitcoin Futures Open Interest Surges 5.73% to $69.8 Billion, Led by CME and Binance

On May 19th, COINOTAG reported a significant update in the cryptocurrency landscape as per data from Coinglass. The total **open interest** in Bitcoin futures contracts across various exchanges soared to 661,800 BTC, translating to an impressive **$69.8 billion**. This marks a noteworthy **24-hour increase** of 5.73%, reflecting heightened market activity and interest. Among these, the **CME Group** leads with an open interest of 156,800 BTC, equivalent to approximately **$16.534 billion**. Following closely, **Binance** holds the second position with an open interest tally of 114,300 BTC, or around **$12.057 billion**. These figures indicate robust investor engagement in Bitcoin futures, suggesting growing confidence in the asset’s future performance as market dynamics continue to evolve.