The post Bitcoin Futures Open Interest Surges to $32.5 Billion Amid CME and Binance Dominance appeared on BitcoinEthereumNews.com.

As of October 6, data from Coinglass reveals that the total open interest in Bitcoin futures contracts has reached a substantial 522,600 BTC, equivalent to approximately 32.477 billion USD. This indicates a robust market interest and liquidity within the cryptocurrency sector. Leading the pack, the CME Bitcoin futures contracts account for an open interest of 146,100 BTC, translating to around 9.067 billion USD. This positions the Chicago Mercantile Exchange as the dominant player in this space. Following closely, Binance recorded an open interest of 116,000 BTC, worth about 7.209 billion USD, further exemplifying its significant role in the global crypto derivatives market. The trends in these figures may provide critical insights for investors looking to analyze market sentiment and potential price movements. Source: https://en.coinotag.com/breakingnews/bitcoin-futures-open-interest-surges-to-32-5-billion-amid-cme-and-binance-dominance/

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Filed under: News - @ October 6, 2024 10:16 am