Bitcoin futures open interest on centralized exchanges has reached a record level of $38 billion, data from CoinGlass shows.
Open interest for bitcoin futures on centralized exchanges has reached a fresh high, indicating increased trading activity around the largest cryptocurrency by market capitalization.
Since the start of 2024, daily open interest in bitcoin futures has increased by more than 100% from Jan 1, when it was approximately $17.2 billion. This rise coincides with bitcoin’s price surge to $70,000 — a 66% increase year-to-date. The current open interest figure aligns with a monthly volume of over $2.3 trillion in bitcoin futures during March across various exchanges, the highest since May 2021, according to The Block's data dashboard.
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