As of March 12th, COINOTAG reports that the collective open interest in Bitcoin futures contracts has reached an impressive 567,130 BTC, translating to around $46.51 billion. This figure underscores the significant engagement in Bitcoin derivatives, reflecting traders’ confidence in the cryptocurrency market. Notably, the Chicago Mercantile Exchange (CME) leads the pack with an open interest of 144,770 BTC, or approximately $11.86 billion, establishing its dominance in the futures sector. Following closely, Binance ranks second with an open interest of 108,620 BTC, equivalent to about $8.91 billion. These statistics are critical for market analysts and investors tracking liquidity and sentiment in the Bitcoin ecosystem, serving as a barometer for future market movements and indicating robust trading activity among institutional and retail investors alike.
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