As of November 22nd, recent data from Coinglass reveals that the total open interest in Bitcoin futures contracts has reached a substantial 648,800 BTC, equating to roughly $64.09 billion. This significant volume underscores the growing interest in Bitcoin derivatives within the financial markets. Notably, the CME Group leads the pack with an open interest of 216,820 BTC, translating to approximately $21.4 billion, reinforcing its role as a key player in cryptocurrency trading.
Following closely is Binance, which records an open interest of 124,570 BTC, valued at around $12.31 billion. These figures highlight the competitive landscape of Bitcoin futures, where institutional and retail investors are increasingly participating, amplifying market dynamics. As the cryptocurrency ecosystem evolves, monitoring these metrics will be crucial for assessing market sentiment and potential price movements.
Source: https://en.coinotag.com/breakingnews/bitcoin-futures-surge-open-interest-reaches-64-09-billion-with-cme-and-binance-leading-the-market/