🚀 Bitcoin Derivatives Skyrocket! 🚀

- Bitcoin futures open interest (OI) hit a record $40.5B on Oct. 21, just as BTC flirted with the $70K mark.

- CME leads the pack with 30.7% of the OI, followed by Binance at 20.4% and Bybit at 15%.

- High OI means more leverage and potential volatility—think of it as Bitcoin's wild rollercoaster ride! 🎢

- BTC hit $69,380 but pulled back to $69,033. Still, it's only 6.4% shy of its all-time high.

- Altcoins like Ether (ETH) and Solana (SOL) are also enjoying the ride, with gains of 3.5% and 6%, respectively.

Hold on tight, crypto enthusiasts!