As of October 18, COINOTAG reports that the total open interest of Bitcoin futures has surged to an unprecedented US$39.785 billion, according to Coinglass data. This milestone reflects a 24-hour increase of 0.26%, indicating a robust demand for Bitcoin contracts. Notably, the CME platform currently holds approximately 181,300 BTC, translating to about US$12.36 billion, showing a daily uptick of 0.93%. In contrast, the Binance platform has reported holdings of 116,000 BTC, worth around US$7.924 billion, with a slight decline of 2.04% over the past day. These figures highlight the dynamic nature of the crypto market and underscore the growing institutional interest in Bitcoin.
Source: https://en.coinotag.com/breakingnews/bitcoin-achieves-record-high-open-interest-of-39-785-billion-a-closer-look-at-cme-and-binance-holdings/