Bitcoin Futures Open Interest Surges to $54.78 Billion: CME Leads with $17.82 Billion

As of November 14th, data from Coinglass reveals that the total open interest for Bitcoin futures contracts has reached 608,240 BTC, translating to around $54.78 billion. Notably, the open interest for CME Bitcoin futures stands at 198,170 BTC, approximately $17.82 billion, securing the top position in market rankings. Meanwhile, Binance follows closely with an open interest of 117,540 BTC, equating to about $10.59 billion, placing it in second position. This substantial open interest indicates a robust engagement among traders, reflecting confidence in future price movements of Bitcoin. The significant figures underscore the growing interest in Bitcoin derivatives, highlighting the critical role these markets play in shaping overall cryptocurrency liquidity and volatility.