Bitcoin Futures Surge to All-Time High: Open Interest Reaches 724,350 BTC

On May 23rd, COINOTAG reported a significant milestone in the cryptocurrency market, as total open interest in Bitcoin futures across various exchanges reached a staggering 724,350 BTC, translating to around $80.64 billion. This marks a historic peak in futures trading, reflecting growing investor interest. Among the leading exchanges, the Chicago Mercantile Exchange (CME) topped the list with an open interest of 164,060 BTC, approximately $18.26 billion, demonstrating its dominance in the derivatives market. Following closely is Binance, with an open interest of 121,870 BTC, equivalent to about $13.57 billion. These figures underscore the robust demand for Bitcoin futures, as institutional and retail investors increasingly navigate the cryptocurrency landscape, seeking to capitalize on market volatility.