According to Coinglass data, all Bitcoin $63,421 futures contractss total open interest rose to 55,300 BTC (approximately $35.3 billion). This rise indicates increased volatility and investor interest in the cryptocurrency market.
CME is First
Ranked first in terms of open interest Chicago Mercantile Exchange (CME). Open interest in Bitcoin futures contracts on CME reached 163,023 BTC (about $10.4 billion). This corresponds to 29.44 percent of total market open interest.
Immediately after the CME Binanceranks second with an open interest of 119,091 BTC (approximately $7.66 billion), accounting for 21.65 percent of the total market share.
Bybit, Bitget and OKX are also on the list
Bybitis in third place with 75 thousand 92 BTC (approximately $4.84 billion) open interest and its market share is at 13.69 percent. In fourth place is Bitgetholds 9.35 percent of the market with 51,087 BTC (approximately $3.31 billion) of open interest. OKX It ranks fifth with an open interest of 46,062 BTC (approximately $2.98 billion), with a market share of 8.42 percent.
According to this data, CME and Binance control more than half of the total futures market. More cryptocurrency marketThis intense interest reveals that investors have begun to turn to futures contracts to profit from Bitcoin’s price movements.
The increase in open interest in futures contracts indicates that investors have high expectations for future price movements. The increase in open interest, especially in exchanges such as CME, which attracts great interest from institutional investors, can lead to increased liquidity and volatility in the market. Current growth chart in Bitcoin futures crypto money It is considered an important indicator to understand how the dynamics in the market are shaped and how investors change their strategies.
At the time of writing, Bitcoin is trading at $63,744, up 2.88 percent in the last 24 hours.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
