The open position of Bitcoin futures contracts across major exchanges reached an all-time high of 649,820 BTC on December 31, according to data from Coinglass. This represents approximately $59.82 billion in value.
CME Contract Takes Top Spot
The Chicago Mercantile Exchange (CME) Bitcoin contract holds the largest open position at 189,880 BTC, valued at around $17.43 billion. This marks a significant increase in trading activity ahead of the new year.
Binance Ranks Second
Binance’s open interest in Bitcoin contracts comes in second place with 129,980 BTC, worth approximately $11.98 billion. The exchange has seen increased adoption and trading volumes in recent months.
This surge in open positions highlights growing investor interest and market volatility as the year draws to a close. As the cryptocurrency market continues to evolve, it will be interesting to see how these trends shape up in the coming weeks and months.
Source: M.theblockbeats.info
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