Bitcoin Futures Surge: Open Interest Hits $59.46 Billion with CME Leading at $18.92 Billion

The post Bitcoin Futures Surge: Open Interest Hits $59.46 Billion with CME Leading at $18.92 Billion appeared on BitcoinEthereumNews.com.

According to the latest data from Coinglass as of December 10th, the total open interest for Bitcoin futures contracts is a noteworthy 613,160 BTC, which translates to around $59.46 billion. This substantial figure indicates a strong market demand and investor engagement in Bitcoin trading. The CME leads the pack with an open interest of 195,580 BTC, equivalent to approximately $18.92 billion, highlighting its dominance in the futures market. Close behind is Binance, with an open interest of 125,190 BTC, valued at around $12.13 billion. This data is critical for market participants as it reflects both liquidity and the overall market sentiment towards Bitcoin, influencing trading strategies and risk management approaches for both retail and institutional investors. Source: https://en.coinotag.com/breakingnews/bitcoin-futures-surge-open-interest-hits-59-46-billion-with-cme-leading-at-18-92-billion/

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Filed under: News - @ December 10, 2024 5:16 am