Bitcoin Futures Open Interest Surges to $58.9 Billion: CME and Binance Lead the Market

As of February 7th, COINOTAG reports significant figures from Coinglass regarding Bitcoin futures. The **total open interest** for Bitcoin futures contracts across diverse exchanges stands at an impressive **603,870 BTC**, valued at roughly **$58.9 billion**. Within this landscape, the **CME Bitcoin futures contracts** lead with an open interest totaling **166,100 BTC**, equating to around **$16.18 billion**. This positions CME as the market leader, reflecting robust institutional interest. Following closely, **Binance Bitcoin futures** demonstrate substantial engagement as well, boasting an open interest of **112,450 BTC**, which translates to approximately **$10.98 billion**. These figures highlight the increasing activity and growing importance of **Bitcoin derivatives** in the broader cryptocurrency market, indicating sustained bullish sentiment among traders and investors alike.